July 27, 2011 / 8:44 PM / 7 years ago

CORRECTED-UPDATE 1-Exco Technologies Q3 up on higher demand

(Corrects reporting period in headline to Q3) (Follows alerts)

July 27 (Reuters) - Canadian auto parts maker Exco Technologies Ltd’ third-quarter profit rose 11 percent driven by higher demand for its die cast and extrusion consumable products.

Net income rose to C$3.9 million, or 10 Canadian cents per share, compared with C$3.5 million, or 9 Canadian cents per share, a year earlier.

Exco, which makes die casts, moulds and components for the die-cast, extrusion and automotive industries, said revenue rose 14 percent to C$48.8 million.

Shares of the Ontario-based company, which have lost 16 percent of their value in the last three months, closed at C$3.62 on Wednesday on the Toronto Stock Exchange. (Reporting by Maneesha Tiwari in Bangalore; Editing by Roshni Menon)

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