News Column

Martinrea Q2 profit down from year ago but up from Q1; revenue hits record high

August 14, 2014

The Canadian Press

TORONTO - Martinrea International Inc. (TSX:MRE) is reporting net income of $23.3 million in the second quarter, a 15 per cent decline from a year earlier but an improvement from the previous quarter. The profit amounted to 27 cents per diluted share under standard accounting and 28 cents per share on an adjusted basis, below estimates on both counts. However, revenue at the autoparts manufacturer was well above estimates, rising 12.7 per cent from a year before to a company record $930.9 million.

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Source: Canadian Press DataFile

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