August 5, 2016 / 9:10 AM / in a year

Canada's Magna Int'l quarterly profit rises

Aug 5 (Reuters) - Canadian auto parts maker Magna International Inc reported a 3.7 percent rise in quarterly profit, helped by strong vehicle sales in North America and Europe.

Net income from continuing operations attributable to the company rose to $558 million, or $1.41 per share, for the second quarter ended June 30, from $538 million, or $1.29 per share, a year earlier.

Sales rose about 16 percent to $9.44 billion. (Reporting by Manish Parashar in Bengaluru; Editing by Gopakumar Warrier)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below