CORRECTED - UPDATE 1-GKN Q1 sales up 22 pct, changes pension scheme

Newswire

(Corrects headline to show GKN's Q1 sales, not profit, rose 22 pct) * Q1 pretax profit 71 mln stg vs 28 mln stg loss * Q1 sales up 22 pct to 1.3 bln stg * Cuts scheme funding liabilities by 80 mln stg (Adds details) LONDON, April 27 (Reuters) - British aerospace parts maker GKN swung to a first quarter profit, boosting hopes of a recovery in the aerospace and automotive supply sectors, and said it improved the funding position of its UK pension scheme. GKN, which produces ...

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