News

Dorel Industries posts profit of $16.7 million in 1st quarter

WESTMOUNT, Que. – WESTMOUNT, Quebec (AP) _ Dorel Industries Inc. (DIIBF) on Friday reported first-quarter earnings of $16.7 million.

The Westmount, Quebec-based company said it had net income of 51 cents per share. Earnings, adjusted for non-recurring costs, came to 60 cents per share.

The maker of bicycles, child safety products and home furnishings posted revenue of $645.9 million in the period.

Dorel Industries shares have decreased almost 3 per cent since the beginning of the year. The stock has dropped 25 per cent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DIIBF at http://www.zacks.com/ap/DIIBF

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Keywords: Dorel Industries, Earnings Report