Seat belt and car safety systems maker Autoliv Inc. reported sharply higher second-quarter profits on Thursday, outdoing expectations and impressing analysts with solid operating margins, the Detroit News said.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The paper added that the Swedish company posted a 36% rise in net profit to $71.2 million in the three months to June 30, thanks to record sales, while pre-tax profits for the period, at $US108 million, were well ahead of the $88 million analysts had counted on.
