UPDATE 1-Wescast earnings dip on start-up costs

Newswire

(Adds details and stock price) TORONTO, April 22 (Reuters) - Wescast Industries Inc. reported a narrower first-quarter profit on Tuesday, because of higher income taxes and costs at new facilities, and remained cautious on the outlook for the industry over the next few months. Wescast, the world's No. 1 manufacturer of exhaust manifolds for cars and light trucks, said net earnings were C$10.7 million ($7.4 million), or 76 Canadian cents a share, down from C$18.5 million, or C$1.39 a ...

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