With its annual shareholders meeting set for Saturday, local food and beverage giant Banks DIH Limited is set to announce that it registered a net profit of a whopping $8.970 billion last year, up 6% from 2022.
“The overall performance of the group improved by recording a profit before tax of $14.5 billion compared to $13.398 billion in 2022, an increase of $1.11 billion or 8.29%. Profit after tax for the group attributed to shareholders of the parent company increased from $8.395 billion to $8.970 billion, an increase of $575 million or 6.8%,” Chairman Clifford Reis stated. The Chairman’s Report, part of the 2023 Annual Report, was sent to shareholders ahead of the AGM this Saturday.
“Revenue generated by the company was $44 billion, compared to $39 billion for 2022, an increase of $4.395 billion or 11.1%. The profit before tax for the company was $11.3 billion compared to $10.5 billion achieved in 2022, an increase of $887.0 million or 8.4%, while the profit after tax increased from $7.589 billion to $8.19 billion by $540 million or 7.1%,” the report added.
