Otis Elevators Bottomline Climbs 31 Per Cent

Net profit at Otis Elevators is up 31 per cent to Rs 20.09 crore in calendar year 1999. The company's net sales increased 57.6 per cent to Rs 294.41 crore. The directors have recommended a dividend of Rs 7.50 per share and a special onetime millennium dividend of Rs 2.50 per share.