Feb 3, 2025
Banks DIH’s Linden branch has reported a 29% increase in profits for the fiscal year 2024, earning $2.4 billion in revenue.
This represents an increase of $557.2 million compared to the previous financial year.
At the recent shareholders’ meeting held at the Watooka Guest House in Linden, Branch Manager Sean Grant announced that the branch’s profit for the year surpassed $500 million, contributing significantly to the company’s overall after-tax profit of $10 billion in 2024.
Chairman of Banks DIH, Clifford Reis, recognized the Linden branch as the best-performing branch of the year, and Branch Manager Sean Grant was honored with the prestigious Chairman’s Award for best branch performance. Reis highlighted that this was the first time in the branch’s history that it had surpassed $2 billion in revenue.
Additionally, Banks DIH successfully launched new products, including Classic Beer, Minute Maid Cooler, and King’s Danish pastry.
The company also announced plans to expand its beer bottling plant and add a canning line to improve production capacity.
Meanwhile, the Citizens Bank Linden branch recorded $7 billion in revenue. Overall, Banks DIH achieved total revenues of $48.844 billion in 2024, reflecting an 11% increase from $44.048 billion in 2023.