Oct 20 (Reuters) - Summer Infant Inc :Summer Infant enters into amended credit agreement.Summer Infant - amended existing credit facility to provide near-term financial flexibility as result of bankruptcy filing by Toys "R" Us on Sept 18.Summer Infant - bankruptcy of Toys "R" Us negatively impacted net revenue of Summer Infant by approximately $2.3 million during Q3.Summer Infant Inc - as part of amendment, Summer Infant's lenders waived any loan violations that may have occurred due to certain "overadvances".Summer Infant - expects charge of about $2.1 million in Q3 as allowance for bad debt related to pre-bankruptcy petition accounts receivable from Toys "R" Us.Summer Infant - the "overadvances" were made after Toys "R" Us receivables were no longer deemed "eligible accounts" under credit facility's revolver base.
Oct 17 (Reuters) - Hornby Plc :GROUP WILL NO LONGER OFFER FOR SALE LARGE QUANTITIES OF STOCK AT A DISCOUNT.IT IS NOW CLEAR THAT SHORTFALL IS UNLIKELY TO BE RECOUPED IN CURRENT YEAR.EXPECTED THAT REVENUE WILL BE LOWER AND, CONSEQUENTLY, THERE WILL BE A MATERIAL IMPACT ON PROFITABILITY IN CURRENT FINANCIAL YEAR.DAVID ADAMS, INTERIM CHAIRMAN, HAS INDICATED TO BOARD OF HIS INTENTION TO STEP DOWN FROM BOARD TO TAKE UP ANOTHER APPOINTMENT.SEARCH FOR AN INDEPENDENT NON-EXECUTIVE CHAIRMAN IS PROGRESSING.
Oct 16 (Reuters) - MONDO TV SPA ::MONDO TV SUISSE <<>> AND AURORA WORLD CORP <<<039830.KQ>>> SAY NETFLIX <<>> HAS ENTERED INTO LICENSING AGREEMENT OF ANIMATED TV SERIES BASED ON CHARACTER YOOHOO.SERIES TO BE CO-PRODUCED BY NETFLIX, AURORA AND MONDO TV AND TO PREMIER ON NETFLIX IN LATE 2018 GLOBALLY WITH THE EXCEPTION OF FRANCE, ITALY, SPAIN AND PORTUGAL, RUSSIA AND POLAND.ENTERS THE U.S. MARKET WITH NETFLIX DEAL AND SEES SIGNIFICANT REVENUES AND PROFITS ALREADY SINCE 2019.
Oct 12 (Reuters) - FOCUS HOME INTERACTIVE SA ::H1 NET INCOME GROUP SHARE EUR 2.6 MILLION VERSUS EUR 1.6 MILLION YEAR AGO.H1 OPERATING INCOME EUR 4.2 MILLION VERSUS 2.6 MILLION YEAR AGO.Q3 REVENUE EUR 10.1 MILLION, UP 18 PERCENT.EXPECTS TO REACH REVENUE TARGET OF EUR 100 MILLION FOR FY 2018.
Oct 12 (Reuters) - Winshine Science Co Ltd <0209.HK>:Zhang Jack Jiyei has stepped down from position of chief executive officer of company with effect from 12 Oct 2017.Zhang will stay on to serve company as an executive director and chief financial officer.
Oct 2 (Reuters) - Funtastic Ltd :FY revenue from ordinary activities from continuing operations $55.7 million, down 37%.FY loss for the year $33.5 million versus loss of $23.9 million.Company will meet its targets for 2018 as a profitable entity.