Premier Auto Posts Lower Sales

The company has proposed a dividend of 18 per cent as compared with 15 per cent in the previous year.

The profit after tax (PAT) stood at Rs 18.43 crore as compared with Rs 25.44 crore earned in the previous accounting

period.

The sales and profit after tax have been lower on account of restructuring that took place within the company when its Kalyan outfit was transferred to PAL-Peugeot on September 29, 1994.