Budd Canada cuts third-quarter loss, suspends div

Newswire

KITCHENER, Ontario, Aug 23 (Reuters) - Budd Canada Inc. , which specializes in the production of light truck and sport utility vehicle frames and chassis components, narrowed its quarterly loss on Friday and suspended its dividend, but said the outlook remained steady. The company recorded a third-quarter net loss of C$13.8 million ($9 million), or C$3.66 a share, for the period ended June 30, compared with a loss of C$27 million, or $7.18 a share, in the same quarter last year. Revenues ...

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