The privately-held Lego group saw net profit rose to 9.4 billion kroner ($1.81 billion) in 2016, from 9.2 billion kroner in 2015. ( Diane Bondareff / AP Images for LEGO Systems, Inc. )COPENHAGEN—Danish toy maker Lego says its famous coloured toy blocks were in high demand in most regions last year, helping its full year revenue increase 6 per cent to 37.9 billion kroner ($7.29 billion), the highest figure in the company’s 85-year history. The privately-held group’s net profit rose to 9.4 billion kroner ($1.81 billion) from 9.2 billion kroner in 2015. Upon stepping down as CEO, he became the head of a new Lego entity. The group said that, on the whole, about 75 billion Lego pieces were sold in 2016 in more than 140 countries.

Source: thestar March 09, 2017 18:56 UTC