Banks DIH group reports 15.7% rise in after-tax profit for 2020

The Banks DIH Group has reported a 15.7% rise in after tax profit for 2020 even amid challenges from the COVID-19 pandemic.

In his Chairman’s address in the 2020 annual report, Managing Director Clifford Reis said that profit after tax attributable to shareholders of the beverages and food company was $5.66b compared to $4.897b in 2019  – a rise of $769m.

He said that the group’s net asset value per share rose from $45.25 to $50.89 – an increase of 12.5%.