07:42 AM EDT, 08/09/2024 (MT Newswires) -- Dorel Industries (DII-B.TO, DII-A.TO) on Friday reported a narrower second quarter adjusted loss as revenue edged higher.

The company, which makes bicycles, child safety products and home furnishings, said its adjusted net loss fell to US$13.6 million, or US$0.42 per share, from US$16.7 million, or US$0.51 per share.

Revenue rose 0.8% to US$348 million.

Dorel expects second-half results to improve over the first half as the turnaround in its juvenile segment is "on track."

New product launches this year will drive revenue growth, with the fourth quarter expected to be the strongest. The company is also "cautiously optimistic" that Dorel Home will see increased sales in the second half.