Weak European demand dents CIE Automotive India's Q3 profit

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BENGALURU, Oct 17 (Reuters) - Auto components maker CIE Automotive India (CIEA.NS) on Tuesday reported a 11.4% rise in third-quarter profit - its slowest growth in four quarters - hurt by a sharp slide in its European segment revenue...

The unit of Spain's CIE Automotive (CIEA.MC) reported a consolidated profit from continuing operations of 1.87 billion rupees ($22.46 million) for the three months to Sept. 30, compared with 1.68 billion rupees a year earlier...

Weak demand for cars in CIE's key Europe market, which analysts say brings higher margins, also saw overall revenue rise just 2.2% its slowest growth in five quarters...

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