Bike Business Continues to Buoy Performance for Dorel in Third Quarter
Dorel Industries Inc. issued third quarter results and the Canadian company's holdings in the cycling industry continue to deliver strong performance. Third quarter revenue for Dorel's Recreation/Leisure division was up 21.6% over the same period last year and 15.9% for the 9 months ending Sept. 30. Total revenues for the division were US$ 209,823 million for the third quarter of 2011 and US$ 659,344 million for the year to date.
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