Dorel profit rises on higher revenue
TORONTO (Reuters) - Dorel Industries Inc (DIIb.TO: Quote), a Canadian company that makes bicycles and children's products, reported a boost in quarterly profit on Thursday, helped by higher revenue.
Montreal-based Dorel, whose children's products include car seats and strollers, said net income for the quarter ended December 30 rose to $27.4 million, or 85 cents a share, from $25.9 million, or 79 cents last year.
Revenue rose 4.1 percent to $561.6 million.
(Reporting By Allison Martell)
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