Funtastic swings to H1 loss

Toy distributor declines to pay interim dividend as writedowns weigh on profit.

Funtastic (FUN) expects a return to growth in the second half of 2014 despite after swinging to a first-half loss due largely to a significant writedown on one of its brands.

In the six months to January 31, Funtastic posted a net loss of $25.88 million, after posting a $9.27m profit in the previously corresponding period.

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