Wescast deepens loss as expenses rise

Newswire

TORONTO, Oct 30 (Reuters) - Exhaust manifold maker Wescast Industries Inc reported a bigger third-quarter loss on Tuesday, as expenses pushed higher and the company faced stiffer competition and a stronger Canadian dollar. Wescast, which also cited higher material costs as among the difficulties it faces, said it lost C$2.4 million, or 18 Canadian cents per share, in the three months ended Sept. 30. That was worse than the loss of C$1.4 million, or 11 Canadian cents per share, in the same ...

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