12:03 PM EST - Mega Brands Inc. : reported a second quarter profit, a turn around from the prior year loss, on improved sales and higher margin. The net profit for the quarter was $1.2 million U.S. or $0.00 U.S. per share compared to a net loss of $13.3 million U.S. or $0.36 U.S. per share last year. Net sales were up 12% at $78.8 million U.S. compared to $70.1 million U.S. in the previous year. The growth in sales was supported by higher Toys shipments, Stationery and Activities Products, especially in North America and International division. Mega Brands Inc.
shares T.MB are trading up $0.015 at $0.49.
