Magna International profit jumps on record sales

Newswire

(In U.S. dollars unless noted) VANCOUVER, British Columbia, Feb 28 (Reuters) - Auto parts maker Magna International Inc. said on Monday that record sales revenues pushed boosted its fourth-quarter profit. The company said it had a net income of $178 million, or $1.81 per share, in the quarter ended Dec. 31. That compared with a profit of $139 million, or $1.35 per share, in the same period a year earlier. Magna International said sales in the quarter were $5.7 billion, up from $4.6 ...

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