Banks DIH’s after-tax profit zoomed by 10.7% from $4.085b last year to $4.524b this year.
This was revealed in the chairman’s report in the 2019 annual report. The company is set to hold its Annual General Meeting (AGM) on January 25, 2020.
In his report, Chairman Clifford Reis disclosed that capital expenditure for next year will be primarily for the beer bottling plant. This encompasses the procurement and installation of an uncaser, a case packer, conveyors and a labeler. Other aspects of the capital expenditure will include the acquisition of trucks and lift trucks to expand selling and distribution activities. Capital expenditure will also cover a new multi-level vehicle parking facility and Banks Automotive and Services Inc which will be sited at Demerara Park.
