Foreign Sales Lift Mattel Profit
From Times Staff and Wire Reports
Mattel Inc. said its fourth-quarter profit jumped 51% to $14.7 million on a 19% increase in sales. For all of 1990, the El Segundo-based toy maker said strong domestic and international toy sales pushed profits up nearly 33% to $91.2 million--despite problems with ailing retailers that prompted the company to set aside $21 million in the quarter to cover bad debts. The firm attributed its gains to extremely strong international sales.
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