In the year of its 40th anniversary, Students of Georgetown, Inc. announced a record revenue of $5,077,956.24 in its annual report released Feb. 18, marking the first time the company’s revenue has surpassed $5 million.

But while the company’s operating income increased from approximately $77,000 in 2011 to more than $91,000 in the 2012 fiscal year, representing an increase of 18 percent, its net profits decreased by just under 56 percent from the 2011 record of $244,384.17 to $108,158.01 in 2012 due to poorer investment performance this fiscal year. While The Corp made $166,935.36 from investments last fiscal year, it made only $16,777.62 this year, a 90 percent drop.

Nonetheless, top executives were optimistic about the company’s performance

“We’ve had a very successful year — a record year,” Corp CEO Michael West (COL ’13) said. “We’re very excited about projects going forward.”

This marks the second consecutive year that The Corp has posted profits, following a two-year streak of losses, when itrecorded net losses of $181,745 and $10,418 in 2009 and 2010, respectively.

While a slim majority of the company’s services posted profits this year, three of them — coffee shops Uncommon Grounds and More Uncommon Grounds and a grocery, Hoya Snaxa — reported losses. The most profitable division was coffee shop Midnight Mug, with $63,859.78 in net income this year, whereas the least profitable was Uncommon Grounds, which reported a net loss of $18,176.51 this year.

The student-run nonprofit is working on expanding through new initiatives, such as the salad and smoothie shop in the New South Student Center, set to open in fall 2014.

“It’ll be a huge challenge, but it’s something that we’re excited about,” incoming CFO Matthew Oswald (COL ’14) said.

The shop is intended to provide students with a healthy alternative to current Georgetown dining options and will feature the Corp’s premade sandwiches and coffee in addition to salads and smoothies.

According to the annual report, further projects include new coffee cup design, the continued streamlining of operations at current Corp storefronts and the internal Corp Capital Investment Fund.

“It’s a very exciting time to be a Corpie,” acting Chief Financial Officer Vidur Khatri (MSB ’14) said.

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