Toy maker Lego sees solid sales boost despite coronavirus

Toy maker Lego sees solid sales boost despite coronavirus

4 years ago
Anonymous $UzyKJJH9oy

https://apnews.com/37877c7473c56cb71598e6a40937253e

COPENHAGEN, Denmark (AP) — Danish toy company Lego saw its half-year sales rise solidly despite headwinds posed by the coronavirus pandemic, as it benefited from long-term investments in e-commerce and product innovations.

It said Wednesday that overall sales rose 7% to 15.7 billion kroner ($2.5 billion) from the same period last year while operating profit grew 11% to 3.9 billion kroner. Net profit, which includes all potential financial items including tax payments, fell by only 1% to 2.6 billion kroner.

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