UPDATE 1-Wescast earnings fall on costs to ramp-up ops

Newswire

(Adds details) TORONTO, Oct 22 (Reuters) - Wescast Industries Inc. reported a sharp fall in third-quarter profit on Wednesday despite higher sales because of costs related to the ramp-up of operations in Georgia and Hungary. Wescast, the world's leading manufacturer of exhaust manifolds for cars and light trucks, said net earnings were C$5 million ($3.8 million), or 38 Canadian cents a share, for the period ended Sept. 28, down from C$12 million, or 91 Canadian cents a share, for the ...

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