May 11, 2012 / 1:12 PM / in 5 years

Dorel profit falls despite higher revenue

May 11 (Reuters) - Dorel Industries Inc said on Friday quarterly profit dropped even as revenue rose, as its division that makes and distributes children’s car seats and strollers turned in a lackluster performance.

The Canadian bicycle and children’s products maker said net income for the quarter ended March 31 fell to $29.2 million, or 91 cents a share, from $31.2 million, or 94 cents, a year earlier.

Revenue rose 2.2 percent to $621.1 million.

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