Business Daily from THE HINDU group of publications
Friday, Mar 16, 2007
ePaper
Business Daily from THE HINDU group of publications Friday, Mar 16, 2007 ePaper |
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Corporate Results
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Automobile Components MICO Q4 net at Rs 65 cr Our Bureau
Bangalore March 15 Motor Industries Company (MICO) has posted a three per cent increase in net profit to Rs 65 crore during the fourth quarter of 2006. In a communication to the Bombay Stock Exchange, MICO said the board had recommended a final dividend of Rs 4 per share for the year ended December 31, 2006 in addition to the interim dividend of Rs 12 per share. MICO said its turnover for the quarter ended December 31, 2006 increased 21.29 per cent to Rs 1,056.78 crore compared with the same period last year. For the full year ending December, 2006, the net profit rose 59.73 per cent to Rs 548 crore while turnover for the same period rose 26.92 per cent to Rs 3,938.49 crore. MICO also announced the appointment of Ms Renu Karnad, the Executive Director of Housing Development Finance Corporation, as a Director of the company.
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