Toy maker’s profits halved before pandemic took hold worldwide
Pre-tax profits halved at toy maker Character Group as it braces itself for more difficulties ahead.
It had already warned of subdued sales over Christmas and today has published its half-year results to February showing a 12% fall in revenue. It generated £51.7m sales, but pre-tax profits were just £2.5m - down 55% on the previous year.
The group's product ranges include Peppa Pig, Ben & Holly, Doctor Who, Fireman Sam, Postman Pat and Teletubbies.
In a statement to the stock market, the company said: "We cannot hope to mak... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
