September 08, 2008

MMTC 2007-08 net turnover up by 12.7% YoY

Minerals & Metals Trading Corporation has registered a record turnover of INR 262.76 million for 2007-08 fiscal up by 12.7% YoY as compared to INR 233 million in 2006-07 fiscal. It also posted a profit after tax of INR 2.061 billion up by 63% YoY as against INR 1.268 billion.

MMTC is India's largest importer of gold and silver and has plans to strengthen its presence in the gems and jewelry sector through a number of new initiatives that have recently been finalized.