November 25, 2010 / 10:53 PM / in 7 years

UPDATE 1-Exco Technologies Q4 profit rises

* Q4 EPS C$0.06 vs C$0.01, last year

* Q4 rev up 22 pct to C$45.9 mln

* Ups quarterly dividend by 25 pct to C$0.025/shr

Nov 25 (Reuters) - Auto parts maker Exco Technologies Ltd XTC.TO posted higher fourth-quarter profit, helped by strength at its casting and extrusion, and automotive solutions segments.

Exco, a manufacturer of dies, moulds, and components for the die-cast, extrusion and automotive industries, also said it raised its quarterly dividend by 25 percent to 2.5 Canadian cents a share.

For the July-September quarter, the company earned of C$2.4 million, or 6 Canadian cents a share, compared with a earnings of C$364,000, or 1 Canadian cent a share, a year ago.

Quarterly sales rose 22 percent to C$45.9 million.

Analysts on average were expecting the Toronto-based company to earn 7 Canadian cents a share, on revenue of C$45 million, according to Thomson Reuters I/B/E/S.

Casting and extrusion segment sales rose 15 percent to C$30.1 million, while sales at the automotive solutions segment rose 36 percent to C$15.9 million.

Exco’s shares, which have lost 7 percent in value since it reported third-quarter results in July, closed at C$3.35 Thursday on the Toronto Stock Exchange.

Reporting by Arnika Thakur in Bangalore; Editing by Prem Udayabhanu

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