April 25 (Reuters) - Canadian auto parts maker Exco Technologies Ltd’s quarterly profit rose 33 percent on higher demand from American and Asian customers.
Second-quarter net income rose to C$6.5 million, or 16 Canadian cents per share, from C$4.9 million, or 12 Canadian cents per share, last year.
Exco, which makes die casts, moulds and components for the die-cast, extrusion and automotive industries, said sales rose nearly 17 percent to C$63.2 million.
Automotive and industrial markets created strong demand for Exco’s products, particularly in the Americas and Asia, it said in a statement.
Exco’s shares, which have gained 50 percent of their value till date, closed at C$5.07 on Wednesday on the Toronto Stock Exchange.