1 Min Read
May 7 (Reuters) - Canadian auto parts maker Magna International Inc reported a 7 percent drop in quarterly sales, hurt by a stronger dollar.
However, net income attributable to Magna rose to $465 million, or $1.12 per share, in the first quarter ended March 31 from $393 million, or 88 cents per share, a year earlier.
Sales fell to $8.33 billion from $8.96 billion. (Reporting by Allison Martell and Shubhankar Chakravorty; Editing by Kirti Pandey)