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Funtastic Limited (ASX:FUN) has generated a net profit of about $14 million for fiscal 2013, up 17 per cent on last year’s result.
The children’s toy manufacturer says it delivered earnings growth and significantly improved margins despite continued difficult domestic retail conditions.
Funtastic CEO Stewart Downs says the result reflects the successful strategy to grow and develop its brands as well as its transition into a global manufacturer.
He says the company’s acquisition of the Chill Factor brand has also been an exciting development for the company.
The company declared a final dividend of 0.5 cent per share.
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