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Auto parts maker Lear's profit rises on higher vehicle production
April 25, 2014 / 11:16 AM / 3 years ago

Auto parts maker Lear's profit rises on higher vehicle production

April 25 (Reuters) - Lear Corp, a maker of auto seats and electrical power systems, posted a 12 percent rise in quarterly profit, driven by an increase in global vehicle production.

Net income attributable to Lear rose to $122 million, or $1.47 per share, in the first quarter ended March 29 from $108.5 million, or $1.13 per share, a year earlier.

Excluding items, Lear earned $1.84 per share.

Revenue rose 10 percent to $4.36 billion. (Reporting by Sagarika Jaisinghani in Bangalore; Editing by Savio D‘Souza)

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