Harbinger Group Reports Q4 EPS $(0.77); Revenues $888.M

Harbinger Group Inc.

today announced its consolidated results for the fourth quarter and full year period ended September 30, 2011. HGI's consolidated revenues for its fourth quarter of Fiscal 2011 were $888 million, compared to $789 million for the same period in 2010. This comprises a year on year increase in Consumer Products revenues from $789 million to $827 million, partly due to currency movements, and $61 million from the newly acquired FGL in the Insurance segment. Consolidated revenues for Fiscal 2011 were $3.48 billion, a 35% increase compared to $2.57 billion in Fiscal 2010, due to a $620 million increase in the Consumer Products segment, mainly from the acquisition of Russell Hobbs, and $291 million from HGI's acquisition of FGL in April 2011.