Dorel’s Cycling Sports Group Reports Profit Over 2019
MONTREAL, Canada - Today Dorel Industries Inc. announces slightly increasing results for its Sports division (including Cannondale, Schwinn, GT, Mongoose, Pacific Cycles and Caloi) in 2019 and in the fourth quarter in particular. For the year, Dorel Sports’ revenue increased by USD 26 million, or 2.9 percent, to USD 909 million and a gross profit of USD 191.8.
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