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Mega Brands Q3 profit dips

Tags: Mega Brands

Mega Brands (MB-T) posted a marginal dip in third-quarter profit, partly on higher costs, but the toy-maker said it expected signs of recovery across all its segments ahead of the crucial holiday season.

The Montreal-based company earned $17.1 million US, or 51 cents a share, compared with $17.4 million, or 36 cents a share, a year ago.

Net sales for the company, which sells both its own brands and licensed toys, rose 4 percent to $133.3 million. Toy sales were up 4 percent. CTV Two CTV News CTV News Channel BNN - Business News Network CP24