Motor Industries Company Ltd has posted a net profit of Rs 397.20 million for the quarter ended December 31, 2002 as compared to Rs 145.90 million for the quarter ended December 31, 2001. Net sales has increased from Rs 3,934.90 million in Q4-01 to Rs 3,979.60 million in Q4-02.
The Company has posted a net profit of Rs 1340.60 million for the year ended December 31, 2002 as compared to Rs 817.20 million for the year ended December 31, 2001. Net sales has increased from Rs 14,512.90 million in FY-01 to Rs 15,507.10 million in FY-02.
It recommended a dividend of Rs 40 per for the year.
BSE code: 500530