Feb 22 (Reuters) - Canadian auto parts maker Magna International Inc on Thursday posted a 16.3 percent rise in quarterly profit, helped by higher production sales in Europe.
Net income attributable to Magna rose to $556 million, or $1.53 per share, in the fourth quarter ended Dec. 31, from $478 million, or $1.24 per share, a year earlier.
The Aurora, Ontario-based company’s sales rose to $10.39 billion from $9.25 billion.
Reporting By Allison Lampert
Our Standards: The Thomson Reuters Trust Principles.