Toy maker Hasbro almost halved net profit in 9 months

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The second largest toy manufacturer in the world, Hasbro, reported that its net profit for the first 9 months of the year decreased 1.9 times compared to the same period in 2017 and amounted to 211,668,000 dollars, which was caused by the elimination of the chain of children's stores Toys R Us in the USA. Revenues for the period fell by 12% to 3 billion 190 million dollars. The decrease in net profit in the third quarter was 0.6% in annual terms. Quarterly revenue declined by 12%. Revenue from international operations for the quarter was 24% less than a year earlier. In the US and Canada, the figure fell by 7%.

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