March 17, 2011 / 11:21 AM / 7 years ago

UPDATE 1-Mega Brands posts profit as sales rise

TORONTO, March 17 (Reuters) - Canadian toymaker Mega Brands Inc MB.TO posted a quarterly profit on Thursday, compared with a loss a year earlier, due to strong contributions from both its own-branded products and licensed toys.

For the fourth quarter ended Dec. 31, the company recorded earnings of $10.2 million, or 1 cent a share, compared with a loss of $22.1 million, or 60 cents a share, a year before.

Revenue rose 4 percent to $111.8 million. (Reporting by S. John Tilak, editing by Gerald E. McCormick)

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