DorelFrom reportonbusiness.com
August 8, 2008
Dorel Industries Inc. is betting big on bikes - and it appears to be paying off.
TheMontreal-based manufacturer of strollers, car-seats, assemble-at-homefurniture, mid-market bikes and, as of this year, high-end Cannondaleracing cycles, announced yesterday that its profit for the secondquarter of 2008 had nearly tripled year over year, to $31.3-million(U.S.) or 94 cents a share.
Dorel class B shares rose $1.10 to close at $34.10 on the Toronto Stock Exchange yesterday.
MR_S
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Better a diamond with a flaw than a pebble without." Confucius