Dorel Industries: 2Q Earnings Snapshot
WESTMOUNT, Quebec (AP) _ Dorel Industries Inc. (DIIBF) on Friday reported second-quarter net income of $2.8 million, after reporting a loss in the same period a year earlier.
The Westmount, Quebec-based company said it had profit of 9 cents per share. Earnings, adjusted for restructuring costs, came to 19 cents per share.
The maker of bicycles, child safety products and home furnishings posted revenue of $670 million in the period.
Dorel Industries shares have decreased 45% since the beginning of the year. The stock has dropped 62% in the last 12 months.