Magna reports Q2 2022 net sales at USD9.36 billion, up 3.63% y/y
Net loss income for the quarter was USD156 million
Magna has reported second-quarter net sales at USD9.36 billion with year-on-year (y/y) growth of 3.63% compared with USD9.03 billion in the second quarter of 2021 for the three months ended 30 June 2022, according to a filing by the company on 29 July 2022. Operating loss for the second quarter was USD88 million compared with an operating profit of USD540 million in the second quarter of 2021.
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