Dorel Industries Class B (TSE:DII.B) has released an update.
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Dorel Industries Inc. reported a revenue increase of 5.4% to US$351.1 million for the first quarter of 2024, with a reduced net loss compared to the previous year. The Dorel Juvenile segment showed strong growth with positive consumer reception to new products, while Dorel Home narrowed its operating loss despite a sluggish furniture market. The company is implementing cost-saving measures expected to save US$4.0 million annually and is optimistic about continuing improvement in earnings.
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