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MEGA Brands Inc.

09:50 AM EST - MEGA Brands Inc. : said its fourth-quarter net loss narrowed significantly to $22.1 million U.S. or $0.60 U.S. per share from $323.3 million U.S. or $8.83 U.S. per share in the prior-year period. Net sales for the recent quarter increased 6% to $107.3 million U.S. from $101 million U.S. in the comparable period. MEGA Brands Inc. shares T.MB are trading up $0.01 at $0.51.