For the year ended September 2016, Banks DIH notched up profit after tax of $4.3b compared to $2.5b in the preceding year.
The company’s annual report said that included in the increased after-tax profit of $1.78b was a gain of $1.4b arising from the sale of its ordinary shares in Banks Holdings Limited of Barbados and Desnoes & Geddes (Jamaica) Ltd. The profit also includes proceeds from the dissolution of BCL (Barbados) Ltd which saw a surplus of $29.2m over the cost of the investment.