Toymaker Hornby to shun discounting, warns of lower revenue

British toymaker Hornby Plc <HRN.L> warned on Tuesday that its full-year profitability would be hit by lower revenue and said it would no longer offer large quantities of stock at a discount after a review by its new CEO Lyndon Charles Davies.

The maker of Thomas & Friends model train sets said year-to-date trading was below expectations and that a fall in revenue would have a material impact on profitability for the year.

(Reporting by Rahul B in Bengaluru; Editing by Amrutha Gayathri)

About Xuseen Axmed 1576 Articles
Former reporter and currently mareeg media representative in Somalia