Dorel Industries Class B (TSE:DII.B) has released an update.
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Dorel Industries Inc. has reported an upswing in their fourth quarter with Dorel Juvenile achieving its best quarter in over five years, signaling a successful turnaround with a 2.4% revenue growth compared to the previous year. However, Dorel Home faced a challenging quarter due to lower than expected rebound in the furniture market, leading to a comprehensive cost-reduction initiative to counter decreased online sales. Despite a year-over-year revenue decline, the company has significantly reduced its net loss from continuing operations, reflecting an improvement in its financial position.
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