09:45 AM EST - MEGA Brands Inc. : announced its financial results today for the first quarter ended March 31, 2013. (All figures are expressed in U.S. dollars.) Consolidated net sales in the first quarter increased 11% to $64.5 million compared to $58.2 million in the corresponding 2012 period. The Corporation recorded negative earnings before interest, taxes, depreciation and amortization (''EBITDA'') of $1.0 million, an improvement of $1.2 million compared to negative EBITDA of $2.2 million in the first quarter of 2012. EBITDA is a supplementary financial measure. Net loss improved to $7.2 million or $0.43 basic and diluted per share compared to a net loss of $8.5 million or $0.52 per basic and diluted share in the first quarter of 2012. MEGA Brands Inc.
shares T.MB are trading up $0.11 at $15.08.
