With Design In Mind Posts Profit Turnaround
With Design In Mind International Inc., a Woodland Hills toy maker, reported a profit turnaround for its second quarter and first half that ended June 30.
The company’s second-quarter earnings totaled $530,345, in contrast with a year-earlier loss of $428,675. Sales in the recent quarter were $4.82 million, up from $137,619 in sales a year before.
With Design In Mind said it had strong second-quarter sales of toys based on the “Mighty Morphin Power Rangers” television characters and the hit “The Lion King” movie. It also cited improvements in marketing and distribution at the recently acquired toy maker Janex Corp. for helping boost second-quarter results.
For the six months, With Design In Mind had net income of $20,423 on sales of $5.11 million. In the first half of 1993, the company lost $992,422 on sales of $273,743.
Separately, With Design In Mind said its shareholders voted to change the company’s name to Janex International Inc., but that the name change would not become effective until it completes the required legal steps.