Business
HGML had an accumulated loss of Rs. 30 crore ($7.5 million) for the period 1995-2000 but made up this loss a bit by generating profits of Rs 19 crore ($4.75 million) in the first nine months of 2001. It went back into red in the year 2002-2003 and was on the verge of closure before it bounced back in the year 2004-2005 to post a profit of Rs. 48 crores ($12 million).
According to a preliminary audit for 2011-12, the company has achieved a gross profit of Rs. 551.13 crore before tax by selling gold and wind power generated from the Chitradurga wind plant. This is the biggest profit generated by the company in its history.
Read more about this topic: Hutti Gold Mines Limited
Famous quotes containing the word business:
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—T.S. (Thomas Stearns)
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—Alice Foote MacDougall (1867–1945)