The cooperative society posts a net profit of Rs 15.75 lakh

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The cooperative society posts a net profit of Rs 15.75 lakh

Kushalnagar Agricultural Marketing Cooperative Company recorded a net profit of Rs 15.75 lakh in 2020-2021, company chairman MN Komarappa said.

The company, comprising 1,744 members, carried out business transactions worth 79.68 crore rupees during this year. It is limited to Suntikoppa and Kushalnagar hoblis and has 100 PDS under its limits.

The company announced a 15% dividend for members.

Komarappa said the company received Rs 1,25,000 in rent from its shopping complex. He also earned Rs 2,333,917 from solar panels with a capacity of 42 kW.

The company’s annual general meeting will be held on November 6, said company general manager BM Parvathi.

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