Philips India has posted a higher net profit of Rs 23.93 crore for the first quarter ended March 31, 2003 as compared to Rs 19.08 crore in the same period last year. Total income rose marginally to Rs 363.85 crore (Rs 360.81 crore).
The company also announced the audited results for the year ended December 2002, with net profit at Rs 104.33 crore and net sales of Rs 1,529.17 crore. The board has recommended a Rs 1.5 dividend per share for the year.
