News: Funtastic increases net profit

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Funtastic Limited (ASX:FUN) has generated a net profit of $5.51 million in the six months to January 31.



The result is up from $366,000 for the same period last year.

In accordance with the Facilities Agreement between Funtastic and its senior lender, National Australia Bank Limited (ASX:NAB), the Company is precluded from declaring and paying dividends during the term of the Agreement, which ends August 31, next year.