Teacher:In this task, you are given a question and a context passage. You have to answer the question based on the given passage.
Teacher: Now, understand the problem? Solve this instance: What did the companies announce?, Context: In the next two years, the company established its first factory in south India in the town of Machilipatnam on the Coromandel Coast of the Bay of Bengal. The high profits reported by the company after landing in India initially prompted King James I to grant subsidiary licences to other trading companies in England. But in 1609 he renewed the charter given to the company for an indefinite period, including a clause that specified that the charter would cease to be in force if the trade turned unprofitable for three consecutive years.
Student:
high profits