Lego has reported a slight increase in revenue during the first half of the year but posted lower profits.

<div class="block">Lego has reported a slight increase in revenue during the first half of the year but posted lower profits.</div>

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Lego Reports Higher Revenue, Lower Profits

And also, LEGO has reported a 1% increase in revenue during the first half of the year. The positive results for the toy company come as fellow toy makers such as Mattel and Hasbro has seen revenue fall by double digits this year. Lego CEO says he is satisfied with the company's performance, telling CNBC, we continue to outgrow the industry. The company though also reported a 17% decline in net profit year over year in the same period. Lego CEO tells the financial times the decline decline is due to higher materials costs and increased investments in factories and personnel.