Haldex’s net income drops 52% y/y to USD10 in 2016
Company’s performance came under pressure amid weak demand in North America
Haldex reported 52.4% year-over-year (y/y) decline in net income to SEK91 million (USD10 million) in the financial year ended 31 December 2016, the Sweden-based commercial vehicle braking and suspension systems supplier said in a press release on 10 February.
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