GKN profit up 34 pct on commercial aero, auto unit strength

Reuters

LONDON, Oct 22 (Reuters) - Car and plane parts maker GKN posted a 34 percent rise in third quarter profit,boosted by a strong performance from its commercial aerospaceand automotive units.

The British firm on Tuesday reported a pretax profit of 131million pounds ($211.68 million) in the three months to the endof September on sales 16 percent higher at 1.86 billion pounds.

GKN, a major supplier to planemakers Airbus andBoeing, said its trading margin rose to 8.2 percentduring the period, up from 7 percent in the same period a yearago.

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