Dover Saddlery Inc. of Littleton announced 2006 net income of $1.4 million on revenue of $73 million.
Dover’s net income for 2006 was up 69 percent over the previous year, and revenue was up 17 percent.
For the fourth quarter of 2006, Dover’s revenue increased 16 percent to $21 million.
The company’s retail store revenue for 2006 increased 38 percent to $12.8 million.
Dover attributed the increase to its acquisition of Dominion Saddlery in June for $1.5 million, and the opening of two new Dover Saddlery stores.
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Direct sales revenue for Dover increased 13 percent over the previous year to $60.2 million.
Dover Saddlery is a direct marketer of equestrian products, and was founded in Wellesly in 1975.
