GKN profit up 34 pct on commercial aero, auto unit strength

LONDON Tue Oct 22, 2013 2:10am EDT

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LONDON Oct 22 (Reuters) - Car and plane parts maker GKN posted a 34 percent rise in third quarter profit, boosted by a strong performance from its commercial aerospace and automotive units.

The British firm on Tuesday reported a pretax profit of 131 million pounds ($211.68 million) in the three months to the end of September on sales 16 percent higher at 1.86 billion pounds.

GKN, a major supplier to planemakers Airbus and Boeing, said its trading margin rose to 8.2 percent during the period, up from 7 percent in the same period a year ago.

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