CANADA: Magna books surprise Q3 profit, returns to core business
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Summary: Magna International has reported a surprise third quarter operating income of US$81m, net income of $51m and earnings per share of $0.45, increases of $193m, $266m and $2.38, respectively, year on year, benfiting from cost cutting an restructuring started last year as the credit crisis hit the auto sector. Total sales fell 16% to $4.7bn. Read the complete article…
Date: 6 November 2009
Source: just-auto.com editorial team
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