Further cost warnings from Mattel - ToyNews

Further cost warnings from Mattel

Firm?s margins likely to be affected by oil prices.
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Mattel’s CFO says the firm will face pressure on its margins if oil remains in the $95 to $120 bracket.

“If oil stabilises at $95 to $100 we’ll be fine,” Kevin Farr said at the Bank of America 2008 Consumer Conference.

Crude oil futures touched a record $110 per barrel yesterday.

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