Canadian auto parts manufacturer Linamar announced recently, the company’s fourth quarter sales grew 5.4% year on year this year, reached US$760mn. The company’s total sales reached US$3.22bn last year, up 12.6% compared to US$2.86bn in 2011.
In the fourth quarter last year, Linamar’s adjusted operating profit reached US$48.3mn, up 11.3% year on year. The company’s adjusted operating profit reached US$219mn last year, grew 32.7% year on year.
In the fourth quarter, Linamar Power transmission system business profit was US$48mn, up 28% compared to US$37.5mn of the same period last year. In the fourth quarter of 2011, Linamar Industry Department was at a loss, the business deficit was US$3.9mn; the department realized the stop of loss in the fourth quarter last year, the business profit reached US$300, 000.
In the fourth quarter, Linamar Company’s net profit of the shareholders was US$30.7mn, up 10% year on year. The net profit was US$145mn last year, up 36.8% compared to US$106mn in 2011.
