May 4, 2011 / 9:15 PM / 7 years ago

UPDATE 1-Exco Technologies Q2 up on higher demand

* Q2 EPS C$0.14 vs C$0.05, year-ago

* Q2 rev up 35 pct to C$52.9 mln (Follows alerts)

May 4 (Reuters) - Exco Technologies Ltd’s second-quarter profit rose 35 percent, helped by higher demand for the products of the Canadian auto parts maker.

Exco, a maker of die casts, moulds, and components for the die-cast, extrusion and automotive industries, expects to gain from higher light vehicle production volumes and the introduction of new vehicles in the coming quarters.

January-March earnings were C$5.5 million, or 14 Canadian cents a share, up from C$2.2 million, or 5 Canadian cents a share, a year ago.

Quarterly sales rose 35 percent to C$52.9 million.

Analysts, on average, had expected earnings of 9 Canadian cents a share, on revenue of C$46 million, according to Thomson Reuters I/B/E/S.

Exco’s shares closed at C$4.11 on Wednesday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore;Editing by Vyas Mohan)

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