Magna’s Q3 FY 2022 net sales up 17% y/y to USD9.3 billion

Financial results

Net income was reported at USD289 million for the third quarter

Magna has reported third quarter net sales at USD9.3 billion with a year-on-year (y/y) increase of 17% compared to USD7.9 billion in the third quarter of 2022 for the three months ended 30 September 2022, according to a filing by the company on 4 November.

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