Motor Industries profit rises, to subdivide shares

Newswire

BOMBAY, March 11 (Reuters) - Auto ancillaries maker Motor Industries Company Ltd told the Bombay Stock Exchange on Thursday its board had approved a sub-division of each share of 100 rupees into 10 shares, each with a 10 rupee face value.

The board also recommended a dividend of 65 rupees per share.

It announced a net profit for the fourth quarter to December of 518.4 million rupees, compared to 397.2 million rupees a year earlier. Total income rose to 5.4 billion rupees ...

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