CIE Automotive’s H1 net income up 39% y/y to USD131.2 million
Automotive business sales up 34% y/y
Spanish supplier CIE Automotive has reported a 39% year-over-year (y/y) increase in net income to EUR115.1 million (USD131.2 million as on 30 June 2017) for the first half of 2017 primarily driven by 33% y/y growth in turnover to EUR1.8 billion, the company said in a press release last week. Higher sales helped the company to record 35% y/y jump in EBITDA to EUR271.8 million.
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