Dorel to release complete 2007 financial results on Mar 11
05 Mar '08
1 min read
As a result of the Company holding a series of meetings with investors and potential investors commencing, Dorel Industries Inc is disclosing certain financial information for the year ended December 30, 2007.
Complete 2007 financial results will be released on March 11, 2008 prior to market opening, with a conference call to be held the same day.
Revenue for the year ended December 30, 2007 is US$1.81 billion, as compared to prior year's revenue figure of US$1.77 billion.
Earnings per share on a fully diluted basis are expected to be US$2.63 versus US$2.70 in 2006. Excluding restructuring costs, adjusted earnings per diluted share for the full year are expected to be US$3.01 per share.
This compares with adjusted earnings per diluted share of US$2.80 in fiscal 2006. The Company generated a record free cash flow figure of US$116 million for 2007 compared to US$83.4 million in 2006.
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