CANADA (Notifix).- Dorel Industries Inc. announced results for the second quarter ended June 30, 2011. Total revenue for the period was US$619.0 million, up 1.9% from US$607.7

million for the same quarter last year. Net income was down 30% as it fell to US$23.0 million, compared with US$32.9 million for the corresponding quarter of 2010. Year-to-date revenue was US$1.23 billion, compared to US$1.20 billion last year. Net income was US$54.2 million compared to US$71.1 million or US$2.14 for the first half of 2010. "Costs in the first half of 2011 are higher than last year, and given the highly conservative spending of today's typical consumer, initiating price increases to our customers is a challenge, particularly within our Juvenile segment in the U.S. while the economic climate in Europe remains difficult, notably in southern Europe, Dorel Europe is protecting or increasing its juvenile products' market share. Home Furnishings was affected by the still weak U.S. economy which impacted POS levels, as well as by the weaker U.S. dollar which hurt our Canadian plants shipping into the U.S," commented Dorel President and CEO, Martin Schwartz.