Stoneridge quarterly sales up 63 per cent

Stoneridge, a manufacturer of electrical and electronic components, has announced net sales of $166.3m (£106m) − up 62.6 per cent from $103m in the prior-year quarter − for the second quarter ended 30 June 2010.

Net income was $4.2m, or $0.17 per diluted share, compared with a net loss of $19.8m, or $0.84 per diluted share, in the second quarter of 2009.