{"id":16104,"date":"2024-01-31T17:47:03","date_gmt":"2024-01-31T17:47:03","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=16104"},"modified":"2024-01-31T17:47:04","modified_gmt":"2024-01-31T17:47:04","slug":"banks-dih-achieves-remarkable-profit-of-8-9-billion-in-2023","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/banks-dih-achieves-remarkable-profit-of-8-9-billion-in-2023\/","title":{"rendered":"Banks DIH Achieves Remarkable Profit of $8.9 Billion in 2023"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p class=\"wp-block-paragraph\">Banks DIH Limited, a prominent player in Guyana&#8217;s business landscape, has reported impressive financial results for the fiscal year ending September 30, 2023, showcasing resilience and adaptability in the face of global challenges.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the company&#8217;s Annual General Meeting held at Thirst Park, Chairman and Managing Director Clifford Reis shared the financial highlights with shareholders. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Banks DIH recorded a substantial surge in profit, reaching $8.970 billion, reflecting a notable 6.8% increase from the previous year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The overall performance of the group demonstrated robust growth, with a profit before tax of $14.509 billion, marking an 8.29% increase from the $13.398 billion recorded in 2022. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The revenue generated by the company also showed significant growth, reaching $44.048 billion, an 11.1% increase from the previous year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Profit before tax for the company increased by 8.4%, reaching $11.393 billion compared to $10.506 billion in 2022. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The profit after tax for the group increased from $8.395 billion to $8.970 billion, a 6.8% rise.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The AGM highlighted the outstanding efforts of various departments, particularly production, warehouse, and sales, which contributed to a 7.9% increase in product production and sales, totaling 20.095 million units.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite acknowledging the challenges posed by the business environment, compounded by the recovery from the COVID-19 pandemic, the company&#8217;s strengthened financial position underscores its commitment to effective financial management and operational excellence.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banks DIH Limited, a prominent player in Guyana&#8217;s business landscape, has reported impressive financial results for the fiscal year ending September 30, 2023, showcasing resilience and adaptability in the face&hellip;<\/p>\n","protected":false},"author":4,"featured_media":16105,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[366,350],"tags":[],"class_list":["post-16104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-development","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/16104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=16104"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/16104\/revisions"}],"predecessor-version":[{"id":16106,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/16104\/revisions\/16106"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/16105"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=16104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=16104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=16104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}