Magna posts bigger fourth quarter profit

Newswire

(In U.S. dollars unless noted) TORONTO, Feb 26 (Reuters) - Magna International , the world's seventh biggest auto-parts maker, reported a bigger fourth-quarter profit on Thursday as revenues rose 35 percent from the year-earlier period. Magna said it had profit of $140 million, or $1.38 per share, for the period ended Dec. 31. That is up from income of $110 million, or $1.10 a share, in the prior-year quarter.

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