COPENHAGEN, Denmark: Lego said on Tuesday that profits increased by 5 percent in 2022 from a year earlier, and sales rose even as it raised prices on higher-ticket toys.

The Danish toy company said net profit rose to 13.8 billion kroner ($2 billion) from 13.3 billion kroner. Sales were up 12 percent, while revenue grew 17 percent to 64 billion kroner ($9.2 billion).

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