May 8, 2008 / 11:21 AM / in 10 years

Mega Brands posts smaller first-quarter loss

TORONTO (Reuters) - Mega Brands Inc MB.TO, reported a smaller first-quarter loss on Thursday, despite lower sales and cost pressures.

The company said it lost $9.6 million, or 26 cents a share, in the period ended March 31. That compares with a loss of $23.9 million, or 73 cents a share, in the same period last year.

Reporting by Leah Schnurr; Editing by Scott Anderson

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