Magna profit climbs on strong sales growth

Newswire

(In U.S. dollars unless noted) TORONTO, Feb 23 (Reuters) - Magna International Inc , one of the world's biggest auto parts manufacturers, reported a big jump in quarterly earnings on Thursday as sales grew 13 percent. Magna said fourth-quarter profit rose to $312 million, or $1.32 a share, compared with earnings of $224 million, or 89 cents a share, in the same period last year. Revenue rose to $7.3 billion in the period ended Dec. 31. ($1=$1 Canadian) (Reporting By Susan Taylor; editing by ...

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