2016 Businessuite #1 Guyana Public Company – US$ Revenue
Banks DIH Ltd.
Market/Stock Exchange: Guyana GASCI
Company: Banks DIH Ltd.
Guyana Top 10
2016 Rank: #1
2015 Businessuite Rank: #1
Caribbean Top 100
2016 Rank:
2015 Businessuite Rank: #25
2014 Businessuite Rank: #30
Chairman / Managing Director: Clifford Barrington Reis, C.C.H.,
Address: Banks D.I.H. Limited
P.O. Box 10194,
Thirst Park, Georgetown, Guyana, South America
Telephone: 592)-225-0910
Fax:(592)-226-6523
E-mail: banks@banksdih.com
Website: http://www.banksdih.com/
Annual Reports and Performance: http://www.banksdih.com/files/document/Banks_Financial_Statement_2015.pdf
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2016 Businessuite Top 10 Guyana Public Companies – |
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Ranked by 2015 US$ Revenue (‘000) |
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TOP 10 |
Company |
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2016 |
2015 LC |
2015 US$ |
1 |
Banks DIH Ltd. |
27,894,378 |
135,082 |
Extract from 60th Annual Report – 30 September 2015.
Principal Activities:
The Principal Activities of the Group are the brewing, blending, bottling and wholesale marketing of beers, wines, liquors, and assorted beverages, the processing of food items, the operation of restaurants, bars, laundry services, hotel and the operation of commercial banking.
Revenue & Results
The Group’s third party revenue was $27.894 billion compared to $26.478 billion achieved in 2014, an increase of $1.416 billion or 5%.
The profit after tax for the Group was $3.389 billion compared to $3.153 billion in 2014, an increase of $236.0 million or 7%. The profit after tax for the Group attributable to shareholders was $2.945 billion compared to $2.660 billion, an increase of $285.0 million or 10.7%. The Profit after tax for the Company was $2.569 billion compared to $2.265 billion in 2014, an increase of $304.0 million or 13%.
Citizens Bank Guyana Inc, a 51% owned subsidiary of the Company achieved an after tax profit of $907.0 million compared to $989.1 million achieved in 2014.
Dividends
A first interim dividend of $0.17 per share unit was paid on 28 May 2015, a second interim dividend of $0.17 per share unit was paid on 22 October 2015, and a final dividend of $0.35 per share unit is now recommended, aggregating to a total of $0.69 per share unit or $690.0 million.
Citizens Bank Guyana Inc paid an interim dividend of $0.70 per share unit and a final dividend of $1.70 per share unit is now recommended aggregating to a total of $2.40 per share unit or $142.8 million.
Capital Expenditure In 2015
The Group’s spending on Capital works amounted to $4.357 billion which included the acquisition and installation of a new biscuit oven, and other equipment across the Company.
The new Crème Select ice-cream Outlet was completed and opened. The upgrade of the Demico House facilities is in progress. The Transport and Distribution fleet was strengthened with the acquisition of additional trucks, while additional merchandising coolers and freezers were added to trade.
The Company’s capital spending authorised for 2016 is $4.607 billion of which $462.0 million is authorised and contracted for.
Reserves
The sum of $2.945 billion has been transferred as profit retained, resulting in the reserves at the end of the year amounting to $26.260 billion, an increase of 11.6% over the previous year
To view full 2015 financial click here