US: Johnson Controls auto business improving
Johnson Controls third fiscal quarter 2009 profits were down about two-thirds as the battery and interiors supplier, also active in the building sector, reported a profit of US$0.26 per share on net sales of $7bn, segment income of $282m and net income of $163m. The auto interiors business itself booked a loss of US$14m versus a profit of $199m a year ago when net company sales were$9.9bn, segment income was $645m and net income $439m, or $0.73 a share.
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