Magna profit up due to strong North America sales

Fri May 10, 2013 8:19am EDT
 
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May 10 (Reuters) - Canadian auto parts maker Magna International Inc posted an 8 percent rise in first-quarter profit due to strong sales in North America.

Net earnings climbed to $369 million, or $1.57 per share, in the quarter ended March 31 from $343 million, or $1.46 per share, a year earlier.

Sales rose 9 percent to $8.36 billion.