UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER PURSUANT TO RULES 13a-16 OR 15d-1616UNDER THE SECURITIES EXCHANGE ACT OF 1934

~~UNDER~~June ~~THE~~21, ~~SECURITIES EXCHANGE ACT OF 1934~~2006

August 9, 2005

Commission File Number: 0-29712

DOREL INDUSTRIES INC.

________________________________________________________________________________________________

1255 Greene Ave, Suite 300, Westmount, Quebec, Canada H3Z 2A4

_________________________________________________________________________________________________

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F [ ] Form 40-F [ X ]

[ ]

Form 40-F

[ X ]

Indicate by check mark whether the registrant by furnishing the information in this Form is also thereby furnishing

the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes [ ] No [ X ]

~~[ ]~~C O M M U N I Q U É JUVENILE Cosco Safety 1st Maxi-Cosi Bébé Confort Baby Relax Babidéal Mon Bébé Quinny HOME FURNISHINGS Ameriwood Ridgewood Charleswood Dorel Home Products Cosco Home & Office Dorel Asia Carina SystemBuild Cosco Ability Care Essentials Altra Furniture RECREATIONAL / LEISURE Pacific Cycle Schwinn GT Mongoose InSTEP EXCHANGES CANADA TSX: DII.B, DII.A U.S.A. NASDAQ: DIIB CONTACT: MaisonBrison/BarnesMcInerney Rick Leckner (514) 731-0000 Dorel Industries Inc. Jeffrey Schwartz (514) 934-3034 DOREL’S 2006 FOCUS: HIGHER MARGIN PRODUCTS, LOW COST EFFICIENT PRODUCTION Montreal, June 21, 2006 — Dorel Industries Inc. (TSX: DII.A, DII.B; NASDAQ: DIIB) told shareholders attending today’s annual general meeting all efforts are on ensuring that operations company-wide are running smoothly and are contributing to profitability. Stating that there have been positive developments as well as some challenges over the past year, President and CEO, Martin Schwartz, detailed what is being done in each division to maximize output and introduce higher price point products. “RTA in particular has needed and received considerable attention. We have been disappointed with our returns in this segment for some time and are working aggressively to turn things around.” Dorel’s track record spells success Mr. Schwartz said Ameriwood has an integrated plan in place to launch new products, build on strong brands and seek out new customers. These initiatives have produced very concrete results. “We have a much wider customer base, plus an enhanced new product development capability which has resulted in a flow of numerous exciting, new products and allows for faster speed-to-market. The combination of domestically and offshore production is working well. Availability and the cost of particle board have pressured margins, however customer price increases are being implemented and will take effect through the year. “Dorel has been in the RTA furniture business for over 25 years and traditionally we have done well, even when some of our competitors have not. The industry is now in transition which I believe will result in significant change. I am confident that Dorel will emerge as a thriving industry force,” said Mr. Schwartz. Company’s other furniture business contributing to Home Furnishings segment Dorel’s other Home Furnishings businesses performed well in 2005 and are off to a good start this year. Dorel Asia, which designs and sources furniture, had another record year. The division has an impressive 4-year combined annual growth rate of 79% in revenue and 66% in earnings from operations. Cosco Home & Office repositioned its furniture business in 2005. Long known for its folding furniture, the division took significant steps to re-establish itself as a source of decorative furniture. This focus is expected to provide greater revenue and margin growth. Futons continue to be a strong performer. New models have been developed with value added features.

NoJuvenile looks to higher margin products domestically and abroad

[The XJuvenile ]segment had a satisfying year and prospects are good through 2006. Dorel Juvenile Group USA has several new product launches planned this year. While the opening or popular price point is still important, many new and refreshed items have been designed to address higher price points and create higher margins. Speed-to-market is an important factor for customers and DJG USA has been working directly with its vendor partners to more quickly develop products.

~~C O M M U N I Q U É JUVENILE Cosco Safety 1st Maxi Cosi Quinny Baby Relax Babidéal MonBébé Bébé Confort HOME FURNISHINGS Ameriwood Ridgewood Charleswood~~ Dorel ~~Home~~Europe ~~Products~~will ~~Cosco~~introduce ~~Home~~line &extensions Office Dorel Asia Carina Furniture RECREATIONAL / LEISURE Pacific Cycle Schwinn GT Mongoose In Step EXCHANGES CANADA TSX: DII.A, DII.B U.S.A. NASDAQ: DIIBF CONTACT: Maison Brison Rick Leckner (514) 731-0000 Dorel Industries Inc. Jeffrey Schwartz (514) 934-3034 DOREL’S SECOND QUARTER EARNINGS CLIMB 21.4 % Montreal, August 9, 2005 — Dorel Industries Inc. (TSX: DII.MV DII.SV; NASDAQ: DIIB) today released results for the second quarter ended June 30, 2005. Net earnings rose 21.4 % to ~~US$21.7~~its ~~million~~popular orQuinny ~~US$0.66~~and ~~per~~Loola ~~diluted~~juvenile ~~share~~travel ~~compared to US$17~~systems.9 ~~million~~With orfurther ~~US$0.54~~higher ~~per~~price ~~share~~point ~~earned~~new inproduct ~~the second quarter a year ago. Pre-tax earnings for the quarter increased by 32.3% to US$25.3 million~~initiatives, upanother ~~from~~good ~~US$19.1 million in the prior~~ year. ~~Revenue~~is ~~for~~anticipated ~~the period increased 6~~abroad.4% toDorel ~~US$435~~Europe ~~million~~has ~~compared to 2004 second quarter revenues of US$408.9 million. Six month earnings climbed 31.2% to US$49 million or US$1.49 per diluted share compared with US$37.3 million or US$1.13 per share~~ a ~~year ago. Year~~well-~~to-date~~balanced ~~pre-tax~~customer ~~earnings~~portfolio ~~have~~with ~~increased~~no bysingle ~~41%,~~customer ~~increasing~~reaching ~~from US$42.0 million in 2004 to US$59.1 million in the current year. Year-to-date revenue was US$906.6 million, up 12.5~~10% ~~from last year’s first half revenue~~ of ~~US$805.8~~sales ~~million.~~and ~~All three segments contributed to both~~ the ~~second~~top ~~quarter~~five ~~and~~below ~~year-to-date revenue improvement~~25%. ~~Organic~~New ~~revenue~~sales ~~growth~~opportunities ~~was~~are ~~5.1%~~being insought ~~the~~outside ~~quarter and 9.6% year-to-date~~Europe, ~~excluding~~as ~~both~~there ~~the~~is ~~impact~~a ofclear ~~currency~~consumer ~~variations~~appeal ~~and the additional month of revenue in 2005 versus 2004 in the Recreational/Leisure segment. Gross margins remained in line with the prior year~~ for ~~both~~its ~~the quarter and year~~premium-~~to-date.~~priced ~~Summary of Financial Highlights Second quarter ended June 30, All figures in thousands of US $, except per share amounts 2005 2004 Change % Revenue 434,983 408,880 6~~products.~~4% Net Income 21,745 17,908 21.4% Per share – Basic 0.66 0.55 20.0% Per share – Diluted 0.66 0.54 22.2% Average number of shares outstanding diluted weighted average 32,940,164 32,955,200~~

Summary of Financial Highlights
Six months ended June 30
All figures in thousands of US $, except per share amounts
	2005	2004	Change %
Revenue	906,560	805,844	12.5%
Net income	48,950	37,308	31.2%
Per share - Basic	1.49	1.14	30.7%
Per share - Diluted	1.49	1.13	31.9%
Average number of shares outstanding -
diluted weighted average	32,951,503	32,921,590

Dorel Distribution Canada experienced its first full year with an expanded mandate encompassing most of Dorel’s product segments. 2006 is expected to see good organic growth, not only in juvenile but with new programs in RTA and folding furniture.

~~Juvenile~~Dorel ~~Segment~~has strategy to outperform bicycle market

~~Second~~Mr. ~~quarter~~Schwartz ~~Juvenile~~said ~~revenue~~that ~~was~~while upPacific ~~5.1%~~Cycle continues to ~~US$192.8~~sell ~~million~~more ~~compared~~bicycles tothan any other US~~$183.6~~ ~~million~~bicycle ~~during~~company, the ~~same~~North ~~period~~American abicycle ~~year~~market ~~ago.~~has ~~Earnings~~been ~~from~~steady ~~operations~~with ~~increased~~little ~~74.3%~~change to ~~US$19.8~~the ~~million~~17 ~~from~~to ~~US$11.4~~18 million ~~last~~units ~~year~~sold annually. ~~For~~Pacific ~~the~~is ~~first~~now ~~half~~seeking to generate additional dollars, ~~revenue~~focused ~~rose~~on ~~10.6%~~the mid to ~~US$436.3~~high ~~million~~price ~~from~~point ~~US$394~~categories.6 ~~million~~With ~~last~~the ~~year~~leading mass merchant market share, ~~while~~Pacific ~~earnings~~tops ~~from~~the ~~operations~~industry ~~increased~~both ~~61.6~~in dollars generated, at 25%, toand ~~US$47~~units sold-30%.3 ~~million~~The Schwinn brand is as strong as ever, ~~from~~with ~~US$29.3~~GT ~~million~~and Mongoose close behind.

~~Excluding~~Pacific ~~the~~launched ~~impact~~a line of ~~currency changes, overall, year~~gas-~~to-date~~powered ~~organic~~motor ~~revenue~~scooters ~~growth~~ in ~~the Juvenile Segment was 8%~~2005. ~~Year-to-date,~~There ~~revenues~~were in38 ~~Europe~~dealers ~~have~~selling ~~increased~~the byunits ~~11.3%~~in February, ~~while~~and ~~North~~since ~~American~~they ~~year-to-date~~received ~~revenues~~their ~~are~~EPA upcertification ~~1.3%. In~~earlier ~~the~~this ~~second quarter~~Spring, ~~the~~there ~~revenue~~are ~~increase~~now ~~was~~over ~~driven~~120 bydealers. ~~European~~At ~~operations~~an ~~where~~annual ~~the~~rate ~~first quarter’s success~~ of ~~new~~20%, ~~travel~~the ~~systems~~motor ~~continued,~~scooter ~~contributing~~market tois ~~particularly~~the ~~strong~~fastest ~~gains~~growing in ~~Germany,~~the ~~Italy,~~motorcycle ~~the~~segment. ~~United~~With ~~Kingdom,~~higher ~~Portugal~~gasoline ~~and~~prices ~~Spain.~~prompting Inmany ~~North~~to ~~America,~~be ~~revenues~~more ~~declined~~energy ~~from~~conscious, ~~last~~scooters ~~year’s~~are ~~second~~likely ~~quarter.~~to ~~This~~become ~~was~~even ~~due~~more topopular. aPacific ~~combination~~also ofentered ~~particularly~~the ~~strong~~metal ~~shipments~~swing inset ~~this~~business, ~~year’s~~under ~~first~~the ~~quarter~~Playsafe ~~and~~brand. ~~some~~A ~~customers~~full ~~delaying~~line ~~orders~~of ~~into~~back ~~the~~yard ~~third~~recreation ~~quarter~~products, ofsuch ~~2005~~as intrampolines ~~anticipation~~and ofsoccer ~~new~~nets, ~~product~~is ~~introductions~~also planned.

~~European~~“While ~~gross~~the ~~margins~~bike ~~improved~~industry ~~over~~is not an easy one, we are confident that we have the ~~prior~~products, ~~year~~the ~~due~~brands, ~~mainly~~the relationships and a clear strategy to anoutperform ~~enhanced~~the ~~operational~~market. ~~performance~~We inremain ~~Holland~~pleased ~~and~~with the ~~stronger~~2004 ~~Euro.~~Pacific InCycle ~~contrast,~~acquisition ~~North~~as ~~American~~it ~~gross~~is ~~margins~~the ~~were~~foundation ~~negatively~~on ~~impacted~~which byto ~~higher~~build ~~raw~~a ~~material~~much ~~prices,~~larger recreation business. We are looking into a ~~less~~number ~~profitable~~of ~~product~~new ~~mix~~lines, ~~and~~including ~~competitive~~electric ~~pricing~~products ~~pressures. Operating~~to ~~expenses~~capitalize ~~declined~~on bythe ~~US$5.7~~emerging ~~million~~trend in ~~the~~personal ~~quarter~~transportation ~~and~~which ~~US10.5~~will ~~million~~utilize ~~year-to-date,~~a ~~due~~new ~~mainly~~technology toincorporating ~~lower~~light ~~product~~weight ~~liability~~batteries,” ~~costs~~stated Mr. Schwartz.

~~Home~~Dorel ~~Furnishings~~has ~~Segment~~become increasingly successful at creating products the market wants and at the right prices. “We need to manufacture efficiently whether in North America or in Asia, ensuring low cost, quality production. We also must deal effectively with issues such as raw material supply and pricing. Key objectives are to stabilize margins, develop products at higher price points and continue to take costs out of production. Our established Dorel China operations are a significant component of the Company’s overall strategy,” concluded Mr. Schwartz.

Home Furnishings revenue increased 7.9% to US$131.9 million during the second quarter compared to US$122.3 million a year ago. Earnings from operations were flat at US$6.2 million versus US$6.3 million last year. For the six months, revenue grew 9.3% to US$277.3 million from US$253.8 million last year. Earnings from operations for the first half were up 12.2% to US$17 million from US$15.1 million last year.

Successful new product placements in several categories by Dorel Asia and good retail acceptance of newly designed futons helped to increase combined sales of furniture by Ameriwood and Dorel Asia by 8% in the quarter and 7.9% year-to-date. Cosco Home & Office sales of folding furniture and other imported home furnishings also increased both in the quarter and year-to-date by 7.7% and 14.9% respectively.

Raw material pricing pressure has eased from last year, reflected both in stabilized board prices, the principal commodity in ready-to-assemble (RTA) furniture products, and declining steel prices, a significant component in futons and folding furniture. However, manufacturing inefficiencies at the segment’s RTA plants continue to be the main reason for lower than expected earnings. The new Ameriwood management team is implementing several business optimization initiatives, including a core focus on low cost, efficient production of RTA furniture as well as process and organizational changes to achieve substantial productivity enhancements.

Dorel President and CEO, Martin Schwartz stated the initiatives are far ranging. “We are taking at look at things from the ground up. Everything is being addressed, including sales and operations planning, inventory management, procurement, customer service and speed-to-market via an already implemented and greatly enhanced new product development capability. A new design system is now in place with designers and product development teams able to bring product ideas to market in less time. The highly visible and successful launch of California Closets branded RTA products during the second quarter is a result of these new capabilities. Ameriwood’s production efficiencies for the balance of fiscal year 2005 will continue to be challenged as it recalibrates its operations. The aggressive change initiatives are anticipated to reposition the Company for RTA furniture product growth in 2006.”

Recreational/Leisure Segment

Second quarter Recreational/Leisure revenue increased 7% to US$110.2 million compared to last year’s US$103 million. Earnings from operations rose 6.3% to US$13.4 million from US$12.6 million. For the six months, revenue was up 22.5% to US$193 million from US$157.5 million in 2004. Of this increase, sales in January 2005 were US$12.3 million. As the Pacific Cycle acquisition became effective in February 2004, this additional month of revenue in 2005 results in organic year-to-date sales growth of 14.7%. First half earnings from operations increased 15.9% to US$22.1 million from US$19.1 million last year. Sales increases occurred across several product categories and brands.

Outlook

The Juvenile Segment is expected to experience a good second half with new listings in North America and several new product introductions. In addition, operating costs continue to run at levels lower than last year principally due to reduced product liability costs, as well as other cost containment measures. Continued success in Europe is expected to contribute to the segment’s overall progress.

As previously announced and detailed above, Dorel’s ready-to-assemble (RTA) furniture division is facing challenges. Plans are being implemented in response to lower sales volumes and factory inefficiencies . Partly offsetting the RTA results ar e better than expected performances at Dorel Asia and Cosco Home & Office, where new product categories and additional customers are driving sales increases. As also previously disclosed, despite increased year-to-date sales within the majority of its product categories, revenues in the Recreational/Leisure segment are expected to be lower in the second half of 2005 versus 2004. Retail sales of the Sting-Ray model bicycle continue to be above average as compared to other bicycle categories and remain a key part of the Schwinn portfolio. However, second half sales of the Sting-Ray will be lower than the unprecedented record levels achieved in the second half of 2004, resulting in lower second half earnings than in the prior year.

“We are pleased with the first half performance and the year-over-year earnings increase of 31.2%. As announced in July, while we anticipate higher pre-tax earnings over 2004, challenges at our Ameriwood division and lower second half sales at Pacific Cycle will affect earnings in the second half this year. As a result, we currently see fiscal 2005 after-tax earnings to be within the same range as 2004,” concluded Mr. Schwartz.

CONFERENCE CALL

Dorel Industries Inc. will hold a conference call to discuss these results today at 10:00 A.M. Eastern Time. Interested parties can join the call by dialling (514) 807-8791 (Montreal or overseas) or (866) 250-4892 (elsewhere in North America). The conference call can also be accessed via live webcast at www.newswire.ca or www.q1234.com. If you are unable to call in at this time, you may access a tape recording of the meeting by calling 1-877-289-8525 and entering the passcode 21132765# on your phone. This tape recording will be available on Tuesday, August 9th, 2005 as of 12:00 P.M. until 11:59 P.M. on Tuesday, August 16th, 2005.

Complete financial statements will be available on the Company's website, www.dorel.com, and will be available through the SEDAR and EDGAR websites.

Profile

Dorel Industries (TSX: DII.SVA, DII.MVB; NASDAQ: DIIB) is a global consumer products company engaged in the designing, manufacturing and marketing of a diverse portfolio of powerful consumer brands, sold through its Juvenile, Home Furnishings, and Recreational/Leisure segments. Headquartered in Montreal, Dorel employs approximately 54,~~000~~500 people in fourteen countries. Dorel also has eight offices in ~~Shanghai~~China, ~~and~~headquartered ~~Shenzhen~~in Shanghai, ~~China~~ which oversee the sourcing, engineering and logistics of ~~all~~the Company’s Asian ~~operations~~supplier chain. ~~2004~~2005 sales were US$1.78 billion.

US operations include Dorel Juvenile Group USA, which markets the Cosco and Safety 1st brands as well Eddie Bauer and Disney Baby licensed products; Ameriwood Industries, which markets ready-to-assemble furniture products under the Ameriwood, Carina, SystemBuild, Altra Furniture and Ridgewood/Charleswood brands as well as the California Closets ~~and Trading Spaces licenses~~license; Cosco Home & Office, which markets home/office products under the Cosco brand and Samsonite license as well as home healthcare products under the Cosco Ability Essentials ~~brands~~ and ~~Samsonite~~Adepta ~~license~~brands; and Pacific Cycle, which markets the Schwinn, Mongoose, GT, InSTEP, Playsafe and Roadmaster brands. In Canada, Dorel operates Dorel Distribution Canada, Ridgewood Industries and Dorel Home Products. Dorel Europe markets juvenile products throughout Europe, under the Bébé Confort, Maxi-Cosi, Quinny, Safety 1st, Babidéal, Mon Bébé and Baby Relax brands. Dorel Asia sources and imports home furnishings products.

Caution Concerning Forward-Looking Statements

Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of Dorel Industries Inc. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. The business of the Company and these forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ from expected results. Important factors which could cause such differences may include, without excluding other considerations, increases in raw material costs, particularly for key input factors such as particle board and resins; increases in ocean freight container costs; failure of new products to meet demand expectations; changes to the Company’s effective income tax rate as a result of changes in the anticipated geographic mix of revenues; the impact of price pressures exerted by competitors, and settlements for product liability cases which exceed the Company’s insurance coverage limits. A description of the above mentioned items and certain additional risk factors are discussed in the Company’s Annual MD&A and Annual Information Form, filed with the securities regulatory authorities in Canada and the U.S. The risk factors outlined in the previously mentioned documents are specifically incorporated herein by reference. The Company’s business, financial condition, or operating results could be materially adversely affected if any of these risks and uncertainties were to materialize. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

DOREL INDUSTRIES INC.

CONSOLIDATED BALANCE SHEET

AS AT June 30, 2005

ALL FIGURES IN THOUSANDS OF US $

	as at June 30, 2005 (unaudited)	as at December 30, 2004 (audited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$ 15,888	$ 11,288
Accounts receivable	262,744	286,529
Inventories	323,974	292,991
Prepaid expenses	9,842	12,756
Funds held by ceding insurer	8,009	7,920
Future income taxes	24,059	24,027
	644,516	635,511
CAPITAL ASSETS	158,448	163,707
GOODWILL	484,959	512,546
DEFERRED CHARGES	18,700	20,983
INTANGIBLE ASSETS	256,767	262,968
FUTURE INCOME TAXES	8,675	10,401
OTHER ASSETS	10,187	10,786
	$ 1,582,252	$ 1,616,902
LIABILITIES
CURRENT LIABILITIES
Bank indebtedness	$ 3,809	$ 1,915
Accounts payable and accrued liabilities	333,576	354,738
Income taxes payable	2,459	5,629
Balance of sale payable	5,611	7,773
Future income taxes	1,324	1,379
Current portion of long-term debt	7,666	7,686
	354,445	379,120
LONG-TERM DEBT	495,767	505,816
PENSION & POST-RETIREMENT BENEFIT OBLIGATIONS	19,568	20,006
BALANCE OF SALE PAYABLE	-	5,278
FUTURE INCOME TAXES	70,436	75,719
OTHER LONG-TERM LIABILITIES	4,795	2,684
SHAREHOLDERS’ EQUITY
CAPITAL STOCK	162,321	160,876
CONTRIBUTED SURPLUS	2,502	1,081
RETAINED EARNINGS	435,783	386,833
CUMULATIVE TRANSLATION ADJUSTMENT	36,635	79,489
	637,241	628,279
	$ 1,582,252	$ 1,616,902

DOREL INDUSTRIES INC.

CONSOLIDATED STATEMENT OF INCOME

FOR THE SIX MONTHS ENDED JUNE 30, 2005 (unaudited)

ALL FIGURES IN THOUSANDS OF US $, EXCEPT PER SHARE AMOUNTS

	Second quarter ended		Six months ended
	June 30, 2005 (unaudited)	June 30, 2004 (unaudited)	June 30, 2005 (unaudited)	June 30, 2004 (unaudited)
Sales	$ 429,789	$ 404,163	$ 895,087	$ 797,718
Licensing and commission income	5,194	4,717	11,473	8,126
TOTAL REVENUE	434,983	408,880	906,560	805,844
EXPENSES
Cost of sales	337,775	318,070	700,183	619,833
Operating	52,043	53,313	107,792	107,842
Depreciation and amortization	9,777	8,890	19,450	18,276
Research and development costs	2,462	1,978	4,652	3,676
Interest on long-term debt	7,228	7,191	14,746	13,745
Other interest	437	345	594	514
	409,722	389,787	847,417	763,886
Income before income taxes	25,261	19,093	59,143	41,958
Income taxes	3,516	1,185	10,193	4,650
NET INCOME	$ 21,745	$ 17,908	$ 48,950	$ 37,308
EARNINGS PER SHARE:
Basic	$0.66	$0.55	$1.49	$1.14
Diluted	$0.66	$0.54	$1.49	$1.13
SHARES OUTSTANDING:
Basic – weighted average	32,825,827	32,712,577	32,814,402	32,679,375
Diluted – weighted average	32,940,164	32,955,200	32,951,503	32,921,590

DOREL INDUSTRIES INC.

CONSOLIDATED STATEMENT OF RETAINED EARNINGS

FOR THE SIX MONTHS ENDED JUNE 30, 2005 (unaudited)

ALL FIGURES IN THOUSANDS OF US $

	Six months ended
	June 30, 2005 (unaudited)	June 30, 2004 (unaudited)
BALANCE, BEGINNING OF PERIOD AS REPORTED	$ 386,833	$ 287,583
Restatement	-	(826)
BALANCE, BEGINNING OF PERIOD AS RESTATED	386,833	286,757
Net income	48,950	37,308
BALANCE, END OF PERIOD	$ 435,783	$ 324,065

DOREL INDUSTRIES INC.

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2005 (unaudited)

ALL FIGURES IN THOUSANDS OF US $

	Second quarter ended		Six months ended
	June 30, 2005 (unaudited)	June 30, 2004 (unaudited)	June 30, 2005 (unaudited)	June 30, 2004 (unaudited)
CASH PROVIDED BY (USED IN):
OPERATING ACTIVITIES
Net income	$ 21,745	$ 17,908	$ 48,950	$ 37,308
Adjustments for:
Depreciation and amortization	9,777	8,890	19,450	18,276
Future income taxes	(222)	(308)	1,452	(1,690)
Funds held by ceding insurer	(34)	(2,884)	(89)	(2,917)
Stock based compensation	720	-	1,421	-
Gain on disposal of capital assets	162	329	167	329
	32,148	23,935	71,351	51,306
Changes in non-cash working capital:
Accounts receivable	20,277	42,252	13,960	22,614
Inventories	(24,354)	(17,874)	(38,130)	(10,557)
Prepaid expenses and other assets	2,544	(1,219)	3,141	1,742
Accounts payable and accrued liabilities	(19,771)	(7,784)	(9,804)	28,121
Income taxes payable	(199)	545	(3,029)	801
	(21,503)	15,920	(33,862)	42,721
CASH PROVIDED BY OPERATING ACTIVITIES	10,645	39,855	37,489	94,027
FINANCING ACTIVITIES
Bank indebtedness	2,372	180	2,223	1,260
Long-term debt	(1,271)	(15,119)	(9,975)	237,746
Issuance of capital stock	1,290	1,528	1,417	3,052
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	2,391	(13,411)	(6,335)	242,058
INVESTING ACTIVITIES
Acquisition of subsidiary companies	(2,495)	(808)	(7,440)	(295,790)
Additions to capital assets – net	(5,030)	(8,701)	(11,729)	(16,690)
Deferred charges	(2,407)	(1,824)	(4,703)	(6,877)
Intangible assets	(52)	(2,302)	(2,859)	(2,601)
CASH USED IN INVESTING ACTIVITIES	(9,984)	(13,635)	(26,731)	(321,958)
Effect of exchange rate change on cash	384	(246)	177	(928)
NET INCREASE IN CASH	3,436	12,563	4,600	13,198
Cash and cash equivalents, beginning of period	12,452	14,512	11,288	13,877
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 15,888	$ 27,075	$ 15,888	$ 27,075

DOREL INDUSTRIES INC.

SEGMENTED INFORMATION

FOR THE THREE MONTH PERIOD ENDED MARCH 31, 2005

ALL FIGURES IN THOUSANDS OF US $

Industry Segments

FOR THE SIX-MONTH PERIOD ENDED JUNE 30

		Total		Juvenile		Home Furnishings		Recreational/Leisure
				For the six months period ending June 30,
	2005		2004	2005	2004	2005	2004	2005	2004
Total Revenues	$ 906,560		$ 805,844	$ 436,311	$ 394,565	$ 277,292	$ 253,752	$ 192,957	$ 157,527
Cost of sales	700,184		619,834	311,773	279,098	237,630	217,159	150,780	123,576
Operating expenses	96,667		101,258	59,202	69,709	17,743	16,923	19,722	14,626
Research and development costs	4,652		3,676	3,407	2,794	1,245	882	-	-
Amortization	18,579		17,534	14,583	13,666	3,679	3,640	317	228
Earnings from Operations	86,478		63,542	$ 47,346	$ 29,298	$ 16,995	$ 15,148	$ 22,138	$ 19,097
Interest	15,340		14,259
Corporate expenses	11,996		7,325
Income taxes	10,193		4,650
Net income	$ 48,950		$ 37,308

Industry Segments

FOR THE QUARTER ENDED JUNE 30

		Total		Juvenile		Home Furnishings		Recreational/Leisure
				For the six months period ending June 30,
	2005		2004	2005	2004	2005	2004	2005	2004
Total Revenues
Cost of sales	337,775		318,069	136,940	131,112	114,433	106,016	86,402	80,941
Operating expenses	45,945		50,069	26,986	32,723	8,678	7,903	10,280	9,443
Research and development costs	2,462		1,978	1,795	1,536	667	443	-	-
Amortization	9,375		8,548	7,319	6,818	1,911	1,680	145	50
Earnings from Operations	39,426		30,216	$ 19,808	$ 11,362	$ 6,221	$ 6,250	$ 13,397	$ 12,603
Interest	7,665		7,536
Corporate expenses	6,500		3,586
Income taxes	3,516		1,185
Net income	$ 21,745		$ 17,908

Geographic Segments - Origin

	Six months ended June 30,		Second quarter ended June 30,
	2005	2004	2005	2004
Canada	$ 96,875	$ 89,154	$ 45,182	$ 35,088
United States	556,896	520,977	265,293	276,352
Europe	190,369	163,311	91,497	75,889
Other foreign countries	62,420	32,402	33,011	21,551
Total	$ 906,560	$ 805,844	$ 434,983	$ 408,880

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

DOREL INDUSTRIES INC.

By: /s/ Martin Schwartz_____________

Martin Schwartz

Title: President and Chief Executive Officer

By: /s/ Jeffrey Schwartz_____________

Jeffrey Schwartz

Title: Executive Vice-President,

Chief Financial Officer

~~August~~June 921, ~~2005~~2006

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