Dorel Industries reports up Q2 2006 net sales result
02 Aug '06
2 min read
Dorel Industries Inc announced results for the second quarter ended June 30, 2006. Net earnings were US$17.9 million or US$0.55 per diluted share compared to US$21.7 million or US$0.66 per diluted share for the corresponding quarter a year ago. Revenue for the period was US$435.9 million compared to US$435.4 million during the second quarter last year.
Six month earnings decreased to US$42.1 million or US$1.28 per diluted share from US$49.0 million or US$1.49 per diluted share a year ago. Year-to-date revenue was US$886.9 million, down from last year's first half revenue of US$907.3 million. Over the past 12 months, Dorel's return on its equity is 11.4 percent and its book value per share as of June 30, 2006 is US$22.53.
Dorel Industries is a global consumer Products Company engaged in the designing, manufacturing and marketing of a diverse portfolio of powerful consumer brands, sold through its Juvenile, Home Furnishings, and Recreational/Leisure segments. Headquartered in Montreal, Dorel employs approximately 4,500 people in fourteen countries.
Dorel also has eight offices in China, headquartered in Shanghai, which oversee the sourcing, engineering and logistics of the Company's Asian supplier chain. 2005 sales were US$1.8 billion.
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