Bluebird back in the black
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Bluebird Toys, maker of Polly Pocket, the Big Red Fun Bus and the Jumbo Fun Plane, a new product, has returned to the black after a pounds 4.5m first-half loss last year, writes Topaz Amoore.
Pre-tax profits in the six months to 30 June were pounds 234,000 on record interim turnover of pounds 17.4m, up from pounds 11.6m last time. The company said it expected to be able to consider a dividend payment at the year-end.
Bluebird has finished its reorganisation programme, which accounted for a pounds 3.34m exceptional cost at the same stage last year. Overheads were cut after its Swindon plant in Wiltshire was closed and output moved to Merthyr Tydfil, Mid Glamorgan. The company has an 'excellent' range of new toys for 1993.
International sales went up by 78 per cent to pounds 8.67m. Domestic sales were also ahead by 29 per cent at pounds 8.71m.
Earnings per share were 2.6p against a loss of 46.1p. The shares closed down 2p at 114p.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments