March 1, 2013 / 10:24 AM / 5 years ago

Magna profit rises on strong North America sales

March 1 (Reuters) - Magna International Inc, one of the world’s largest auto parts makers, reported a 12.5 percent rise in profit on strong sales in North America.

Fourth-quarter profit rose to $351 million, or $1.49 per share, from $312 million, or $1.32 per share, a year earlier.

Sales rose 11 percent to $8.03 billion.

“We achieved this sales increase in a period when vehicle production increased 12 percent in North America,” the company said in a statement.

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