Canada: Magna reports earnings fall in Q2

Magna has reported 24% year-on-year revenue growth in the quarter ended 30 June 2011 (Q2 2011), but a slip in operating and net earnings and margins, with operations in Europe reporting negative EBIT. The company is forecasting 2011 revenue of US$27.5bn-28.9bn, with an operating margin of "approximately" 5%. Revenue in Q2 Subscribe to Automotive World … Continued

• By Webmaster
• August 5, 2011