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Company News

Canadian auto parts maker Magna posts 2.5 pct rise in sales

Aug 11 (Reuters) - Canadian auto parts maker Magna International Inc reported a 2.5 percent rise in quarterly sales, helped by higher demand.

Net income attributable to Magna rose to $561 million, or $1.48 per share, in the second quarter ended June 30, from $558 million, or $1.41 per share, a year earlier.

The company’s total sales rose to $9.68 billion from $9.44 billion. (Reporting by John Benny in Bengaluru; Editing by Maju Samuel)

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