Amtek Auto Oct-Dec net up 11 pct, meets forecast

Newswire

MUMBAI, Jan 31 (Reuters) - Auto parts maker Amtek Auto Ltd reported a 11 percent rise in quarterly net profit, the slowest in more than a year, hit by sluggish domestic auto sales and a rising rupee against the dollar. The company reported a consolidated net profit of 1.19 billion rupees on net sales of 11.98 billion rupees in the quarter to December, matching a Reuters poll forecast. "It has been a flattish quarter, with little to speak about in domestic volumes," Chief Financial ...

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