Navarre Profits Up 24.9%

**Sharky** · 02-15-2007

Funimation parent company Navarre reported a 2.1% decrease in sales in the final quarter of 2006 compared to the same quarter in 2005 but a gross profit increase of 24.9%. The increased profit was anchored by Funimation's strong performance in Navarre's Publishing Division. The report cited new releases Black Cat, Basilisk, Dragon Ball Z movie packs, Fullmetal Panic, and Trinity Blood, as well as Funimation's increased television exposure.
Navarre reported overall net sales of $210.2 million and operating income of $8.7 million, a return to the black after retailer Musicland's bankruptcy pulled Navarre down $16.8 million to a loss of $9.3 million in third quarter 2006.
-Anime News Network

02-15-2007	#1 (permalink)
Sharky Administrator Join Date: Jan 2004 Location: New Zealand Posts: 2,249 Rep Power: 200	Navarre Profits Up 24.9% Funimation parent company Navarre reported a 2.1% decrease in sales in the final quarter of 2006 compared to the same quarter in 2005 but a gross profit increase of 24.9%. The increased profit was anchored by Funimation's strong performance in Navarre's Publishing Division. The report cited new releases Black Cat, Basilisk, Dragon Ball Z movie packs, Fullmetal Panic, and Trinity Blood, as well as Funimation's increased television exposure. Navarre reported overall net sales of $210.2 million and operating income of $8.7 million, a return to the black after retailer Musicland's bankruptcy pulled Navarre down $16.8 million to a loss of $9.3 million in third quarter 2006. -Anime News Network __________________