Magna quarterly sales fall on strong dollar

Fri Aug 7, 2015 5:14am EDT
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Aug 7 (Reuters) - Canadian auto parts maker Magna International Inc reported an 8.7 percent drop in quarterly sales, due to the impact of a strong U.S. dollar.

Net income attributable to Magna fell to $483 million in the second quarter ended June 30 from $510 million a year earlier. However, earnings per share was $1.16, same as last year. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Gopakumar Warrier)