February 23, 2012 / 10:13 PM / 6 years ago

Magna profit climbs on strong sales growth

TORONTO, Feb 23 (Reuters) - Magna International Inc , one of the world’s biggest auto parts manufacturers, reported a big jump in quarterly earnings on Thursday as sales grew 13 percent.

Magna said fourth-quarter profit rose to $312 million, or $1.32 a share, compared with earnings of $224 million, or 89 cents a share, in the same period last year.

Revenue rose to $7.3 billion in the period ended Dec. 31.

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