Vote for BJP in urban local bodies" poll for "triple engine" govt in UP: Adityanath
UP: Man booked for attempting to rape 5-year-old girl
Congress to mark 100 days of Bharat Jodo Yatra with concert in Jaipur
BJYM, Hindu outfits put off planned protest march at AMU
Karachi battles gas crisis; residents face unannounced load shedding, 2-hr gas supply in a day
Elderly man in judicial custody dies during treatment in UP hospital
Himachal Pradesh skittle Haryana for 46, take 200-run lead on Day 1
Pak court grants protective bail to PM Shehbaz"s son Suleman in money laundering case
British Library celebrates India ties with exhibition on Hampi
Nine policemen suspended after suspect dies in police custody in UP
Gangster"s property attached in UP"s Pratapgarh district
Maoists torch construction company vehicles in Jharkhand’s Chatra district
Sino-India border situation "generally stable": China on Yangtse clash
Babar Azam not taking advice from seniors, claims Shahid Afridi
Qlite Global launches their exclusive Grand Experience Centre
"Disillusioned with central leadership": Sikkim BJP president says he has resigned
2001 attack anniversary: Ready to guard new Parliament if directed, say CRPF heroes
Class 2 student dies after scuffle with fellow students in UP
Three killed in accident in UP"s Lakhimpur KheriLakhimpur Kheri (UP), Dec 13 (PTI) Three motorcycle borne youths were killed and "
Abandoned girl child from Assam adopted by Spanish professor
Club sources confirmed that the club was repaying its accumulated loss using its profits till last year due to which the overall profit was not seen on the profit and loss statement.
A lot of business has seen loss due yo the pandemic but a shocking news cam today regarding Karnavati Club, which managed to make profits despite the covid restrictions.
Despite being closed for a long haul throughout the lockdown and beyond due to the pandemic, Karnavati Club reported a profit of Rs 8.14 crore in the pandemic year. The club’s annual report was released on Monday and according to the profit and loss statement, the club made profits worth Rs 8.14 crore in the financial year 2020-21, vis-à-vis a loss of Rs 1.62 crore in 2019-20.
Club sources confirmed that the club was repaying its accumulated loss using its profits till last year due to which the overall profit was not seen on the profit and loss statement.
“This year, the club’s income through investments has been withdrawn and parked in the bank. This has augmented the overall income of the club, thus reflecting profit in its profit and loss statement for the year 2020-21,” said the source.
The club’s total income declined from Rs 27.55 crore to Rs 18.96 crore and its expenditure also declined from Rs 30.06 crore to Rs 13.63 crore during the financial year 2020-21. The decline in income as well as expenditure is attributed to the closure of the club due to the Covid-19 pandemic, lockdown and other restrictions through most part of the year.
As few events, exhibitions and weddings were organised due to pandemic-related restrictions, the club suffered in terms of its rental income too.
Karnavati Club announced on Saturday that its annual general meeting will be held on September 23, virtually. Ahead of the AGM, the elections will be held for the posts of 10 board of directors, who are set to retire this year.
Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.
