Canadian auto parts maker Linamar Corp. reported a 22 percent increase in quarterly profit, helped in part by the acquisition of France's Montupet SA last year.
Linamar bought Montupet in 2016 for $915 million (771 million euros) to boost exposure to manufacturers such as Volkswagen AG and Peugeot SA.
The deal gave Linamar access to Montupet's complex aluminium castings technology.
The company expects topline growth in the mid-to-high single digits in 2017, Linamar CEO Linda Hasenfratz told analysts on a conference call Wednesday.
Net earnings rose to $86.07 million (C$116.1 million) in the fourth quarter ended Dec. 31, from C$95.3 million, a year earlier.
The company also raised its dividend for the fourth quarter to 12 Canadian cents per share, from 10 Canadian cents.
Sales rose 11 percent to C$1.37 billion in the quarter, missing estimates of C$1.41 billion.