Wescast profit slips in second quarter

Newswire

VANCOUVER, British Columbia, July 31 (Reuters) - Wescast Industries Inc. posted lower second quarter earnings on Tuesday, on softer sales to North American automakers, higher production costs and a stronger Canadian dollar. The exhaust manifold maker said it had net earnings of C$1.24 million, or 9 Canadian cents a share, in the quarter. That compared with nearly C$5.3 million, or 40 Canadian cents per share, in the same quarter a year ago. The company said it had sales of C$101.3 ...

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