Character publishes half 12 months outcomes to twenty ninth February 2024Toy World Journal

Pre-tax revenue is up, with gross sales of key licensed toy ranges comparable to Teenage Mutant Ninja Turtles, LankyBox and Aphmau remaining sturdy regardless of financial headwinds.

In an announcement issued right this moment, The Character Group Board is happy to report a rise in pre-tax revenue to £2.1m from £0.5m. The rise in revenue is regardless of the turnover remaining fixed at £57.6m.

These outcomes present that despite the persevering with financial challenges, Character’s merchandise bought nicely, particularly through the essential Christmas interval, with key licensed properties Teenage Mutant Ninja Turtles, LankyBox, Moriah Elizabeth and Aphmau being the celebs along with sturdy home and worldwide gross sales throughout manufacturers comparable to ChillFactor and Heroes of Goo Jit Zu.

On account of the sturdy half 12 months figures, Character is sustaining its interim dividend at 8p, and continues its share buy-back programme.

Acknowledging the efforts of the Group’s personnel, the Board commented: “The Board very a lot appreciates the unwavering dedication and dedication from its personnel across the globe and is trying ahead to a different profitable 12 months collectively launching its new merchandise, particularly its new collectibles Terror Fried and Smooshzees.”