Star Wars, Indiana Jones toys spur Hasbro profits
Washington - US toy company Hasbro Inc Monday reported higher-than-expected second-quarter profits, boosted by the sales of Star Wars and Indiana Jones action figures.
Net income rose to 37.5 million dollars, and sales climbed 13 per cent to 784.3 million dollars, the company said.
The revenue exceeded analysts' estimates as consumers bought action figures tied to the Iron Man and Indiana Jones films that released earlier this year, as well as next month's animated Star Wars film, Bloomberg financial news agency reported.
Hasbro - which makes the popular Monopoly board game - is one of the largest toy makers in the world, second only to Mattel, which has the rights to Batman toys.
Both toymakers have capitalized on the box office success of superhero movies. Hasbro and Mattel increased toy prices this year to cope with the rising costs of raw material. (dpa)