February 22, 2019 / 10:11 AM / 10 months ago

Canadian auto parts maker Magna International's profit falls 18.4 percent

Feb 22 (Reuters) - Canada’s Magna International Inc reported an 18.4 percent drop in quarterly profit on Friday, as the world’s third-biggest auto parts supplier by sales was hit by tepid demand from China and Europe.

Net income attributable to Magna fell to $456 million, or $1.37 per share, in the fourth quarter ended Dec. 31 from $559 million, or $1.54 per share, a year earlier.

The Aurora, Ontario-based company said total sales rose to $10.14 billion from $9.68 billion.

Reporting by Susan Taylor and Shanti S Nair; Editing by James Emmanuel

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