免费观看黄色片网站|日韩一级片免费看|国产玖玖玖精品|亚洲塾女AⅤ资源|亚洲欧美激情四射|中文字幕AV第一页|一区二区丕卡大胆人人人操|综合视频一区二区|久草在线精品综合|99精品免费久久久久久

Danish toy giant Lego aims to expand market in China despite net profit drop

Source: Xinhua| 2019-09-04 17:21:32|Editor: Xiang Bo
Video PlayerClose

COPENHAGEN, Sept. 4 (Xinhua) -- Danish toy manufacturer Lego reported on Wednesday a revenue rise of 4 percent and a 12-percent drop in net profit for the first half of the year, but still valued the Chinese market.

The net profit for the first six months was 2.67 billion kroner (about 392 million U.S. dollars), the Lego Group released the number, saying that the drop was caused by a major investment strategy.

Niels B. Christiansen, CEO of Lego explained the three-pronged nature of the strategy as an investment in "opening new markets, developing new products and expanding in China."

China has been the major recipient of the Lego investment. The company expects to have more than 140 stores in 35 Chinese cities by the end of this year, all generated by increasingly strong sales growth in the country.

Such a large investment has momentarily overshadowed the actual increase in sales, especially the growth of sales in established markets such as Western Europe and the United States.

"Despite difficult conditions, we continue to increase our sales and market share in our largest markets," said Christiansen, in the press release.

Nevertheless, the Lego Group sees huge potential in the Chinese market and has been investing proportionately.

Lego hopes to have more than 590 stores worldwide by the end of 2019.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001383647851