Wescast Earnings Climb 26 Percent In Fourth Quarter.(Wescast Industries Inc.)(Brief Article)(Statistical Data Included)

Wescast Industries Inc. earnings for the fourth quarter 2001 reached $16.5 million, a gain of 26 percent from the $13.1 recorded in the fourth quarter of 2000. Fully diluted earnings per share from continuing operations, were $1.25 compared to $.96 in 2000. For the full year, earnings at $66.0 million were only marginally down from the $67.6 million recorded in

Fully diluted earnings per share from continuing operations for the year at $5.01 is comparable to 2000 at $5.03.

These results are in line with forecasts provided in the press release issued January 21, 2002. "I am delighted with our fourth quarter results." says Ray Finnie, President and C.E.O. "Our plants were able to take advantage of higher than expected volumes and generate impressive profits." Highlights Very strong results.

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