Auto parts maker Magna's profit boosted by North American sales

Wed Nov 5, 2014 5:16am EST
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Nov 5 (Reuters) - Canadian auto parts maker and contract manufacturer Magna International Inc reported a 47 percent jump in third-quarter earnings, boosted by strong demand in North America.

Net income attributable to Magna rose to $470 million, or $2.19 per share, in the quarter ended Sept. 30 from $319 million, or $1.39 per share, a year earlier.

Sales rose 5.8 percent to $8.82 billion. (Reporting By Allison Martell and Kanika Sikka; Editing by Savio D'Souza)