CHARAN SEES AT LEAST 50 PCT RISE IN 1987 PROFIT

  (Charan Industries Inc), a distributor
  of toys and other consumer products, expects 1987 net profit to
  rise at least 50 pct over last year's 6.1 mln dlrs, president
  Earl Takefman told reporters before the annual meeting.
      "We grew basically 100 pct last year, I'm not sure we're
  going to be able to grow 100 pct again this year but we
  certainly will grow at least 50 pct over last year," Takefman
  said.
      Charan reported profit of 3.0 mln dlrs in 1985.
      Takefman said he expects sales to rise to about 100 mln
  dlrs this year from 57.3 mln dlrs in 1986.
      Fiscal 1985 ended September 30, while fiscal 1986 ended
  November 30.
      Takefman said the company is actively looking for
  acquisitions in the consumer products industry, likely in
  Canada.
      The company said it expects to resolve delivery problems
  this year which last year hindered the growth of its toy
  distribution business, which accounts for about one-third of
  revenues.
      Charan is the exclusive distributor in Canada for &lt;Worlds
  of Wonder> toys, which include the Teddy Ruxpin voice-activated
  talking plush bear.
      Takefman said new products this year, which will be on the
  shelves for Christmas, include a smaller version of Teddy
  Ruxpin, a talking Mickey Mouse toy, dancing plush toys, a doll
  with a voice activated by sound, touch, light and heat, and
  talking books.
      The company is also marketing an extended line of "laser
  tag" kits, which shoot rays of light and tell you when you've
  hit someone.
      Other products include a recorder device which allows
  students to leave taped messages in each others' school
  lockers, retailing for about 60 dlrs.
  

