November 30, 2009 / 2:16 PM / 8 years ago

UPDATE 1-Exco turns profit, sales environment improving

* Q4 EPS of C$0.01 vs loss of C$0.52 a share a year ago

* Sales down 26.2 pct, says sales environment improving

* Cost cuts help results

TORONTO, Nov 30 (Reuters) - Auto parts maker Exco Technologies Ltd XTC.TO reported a quarterly profit on Monday, helped by cost reductions and an improving sales environment.

The company earned C$364,000, ($344,000) or 1 Canadian cent a share for its fourth quarter ended Sept. 30, compared to a loss of C$21.2 million, or 52 Canadian cents a share a year earlier.

Sales fell 26.2 percent to $37.7 million from the same quarter a year earlier, but sales rose 33 percent over the third quarter and was its strongest quarterly sales performance in the last three quarters.

Its shares closed on Friday at C$1.90 on the Toronto Stock Exchange, more than double their low-point in April when the turmoil in the automotive sector was at its most severe. ($1=$1.06 Canadian) (Reporting by John McCrank; Editing by Derek Caney) ((john.mccrank@thomsonreuters.com; +1 416 941 8083; Reuters Messaging: john.mccrank.reuters.com@reuters.net))

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