UPDATE 1-Magna fourth-quarter profit hit by charges


(Figures in U.S. dollars unless noted) TORONTO, Feb 24 (Reuters) - Magna International Inc. reported a lower fourth-quarter profit on Monday, despite a 25 percent jump in revenue, as earnings were squeezed by a series of non-cash charges. Magna, a world leading automotive parts maker which counts big carmakers like General Motors Corp and Ford Motor Co. as its major customers, said profit was $110 million, or $1.10 a share, in the quarter ended Dec. 31, down from $118 million, or $1.28 a ...

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