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May
4th

CANADA: Magna, too, hikes Q1 sales, profits

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Supplier and contract vehicle assembler Magna International boosted first quarter 2011 operating income to US$400m (up $122m year on year), net income to $322 million (+$98m) and earnings per share to $1.30 (+$0.31) on sales up 34% to $7.2bn.
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