Mixed year ahead for Character

Character Options says it expects a big second half to the year but warns of a tough first six months.
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The group released a statement saying it sees poor trading results for the first half of the current financial year, but expects substantial revenue growth for the second half against the year-ago period.

Trading to Christmas was disappointing due to the poor retail environment and the lost sales and cost of the recall of Bindeez product.

It bought back about 1.4m shares in the financial year, and said it has the capacity for further substantial buybacks and sufficient resources to fund further expansion.

The firm said trading conditions are likely to remain testing for some time, but it is comfortable with the current market expectations for the 2008 financial year.



Character forges ahead

Nothing but good news for Character Options, as it announced half-year results showing turnover up nearly 40 per cent and pre-tax profits more than doubled on the same period last year.


Character offer imminent?

After a hugely successful 12 months and with high expectations for the year ahead, Character Options has revealed that it is currently in discussions with a possible suitor for the firm.


Character on track

Character Options has announced its full-year results, with turnover up but pre-tax profits down on last year.


Character on top at half time

Character Options' half time financial results show turnover up 50 per cent in its toys and games business,  and group pre-tax profits up from a loss of £1.9m to a surplus of £3m.

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