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Home Auto Parts Canadian auto components maker Magna International's income falls 18.4 percent

Canadian auto components maker Magna International’s income falls 18.4 percent

Feb 22 (Reuters) – Canada’s Magna International Inc stated an 18.4 percentage drop in quarterly income on Friday, as the world’s 1/3-biggest car parts dealer through sales was hit with the aid of tepid demand from China and Europe.

Net income as a result of Magna fell to $456 million, or $1.37 in line with proportion, inside the fourth zone ended Dec. 31 from $559 million, or $1.Fifty-four according to the percentage, a yr in advance.

The Aurora, Ontario-primarily based organization stated total sales rose to $10.14 billion from $nine.Sixty-eight billion.

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