Magna reports marginal growth in 2015 profit despite 6.6% y/y decline in sales
Unfavourable currency translations reduced Canadian supplier’s sales by USD3.35 billion
Magna’s net income increased marginally to USD2 billion in the financial year ended 31 December 2015, Canada’s leading automotive supplier said in a press release today.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
