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Bangalore, Jan. 25

Bharat Electronics Ltd’s third-quarter net profit was lower by 23.7 per cent at Rs 112.97 crore, compared to the Rs 148.18 crore posted in the previous corresponding period. Net sales of Rs 662.23 crore (Rs 863.79 crore) was also down 23.3 per cent year-on-year. The company ended fiscal 2007 with a turnover of Rs 3,952.70 crore. The defence electronics PSU declared an interim dividend of Rs 6 per share (or 60 per cent) for 2007-08. The sum will be paid on February 22 , a release said.

– Our Bureau

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