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Dorel Net Falls 6.4 Percent; Home Furnishings Profit Down 25.3 Percent
May 10,
2012 by in UnCategorized 
By Aggregated Content in on May 11, 2012
from http://c.moreover.com/click/here.pl?z6469705659&z=1250249029
MONTREAL-In a rough start to its fiscal year, Dorel Industries posted a 6.4 percent decline in net income in the first quarter, to $29.2 million. This included a 25.3 percent plummet in operating profit in the companys home furnishings segment, to $5.8 million. Home furnishings revenues were off 5.1 percent to $130.7 million in the quarter, which ended on March 31. A Dorel statement attributed this to reductions in sales of ready-to-assemble and folding furniture, along with the fact that the first quarter of last year saw strong results in shipments of initial customer rollouts, which didnt occur in
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