Wescast profit slumps as automakers cut production


TORONTO, April 30, (Reuters) - Exhaust-manifold maker Wescast Industries Inc. reported a lower first-quarter profit on Monday as a key part of its customer base -- the Big Three U.S. car manufacturers -- cut back on production. The company said it had a net profit of C$3.1 million ($2.8 million), or 23 Canadian cents a share, for the quarter ended April 1. That was down from the profit of C$3.7 million, or 28 Canadian cents a share, in the same period of 2006. ($1=$1.11 Canadian)

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