Banks DIH hits $2.5B profit
Banks DIH registered a historic after-tax profit of $2,5B for 2012 and the group as a whole also had robust results.
The company’s Annual General Meeting is scheduled for January 19, 2013 at Thirst Park.
According to its annual report for 2012, Banks DIH Limited Group recorded a profit before tax of $4.938 billion, a 22 percent increase over the takings of 2011 which was $4.036 billion.
Profit after tax for the Group was recorded at $2.776 billion up from $2.298 billion, an increase of $478 million or 21 percent. Chairman Clifford Reis in his report in the annual report said that for the first time in its history the company achieved profit before tax in excess of $3.5 billion and profit after tax of $2.5 billion.
“The Company’s profit before tax was $3.672 billion compared to $2.802 billion in 2011, an increase of $870 million or 31 percent. Profit after tax increased from $1.934 billion in 2011 to …..To continue reading, login or subscribe now.