The Banks DIH Ltd Group saw its trading profit rise in 2017 by 22.3% over the previous year though after-tax profit fell by 9.76% over the period because of a one-off gain in 2016.
In 2016, the Group’s profit was $4.702 billion compared to $4.243 billion for 2017. In his Chairman’s report, which will be read at Banks DIH’s Annual General Meeting (AGM) on January 27th, Clifford Reis lauded the company’s performance over the period.
He said that third party revenue rose to $30 billion in 2017, compared to $28.7 billion in 2016. This represented a 4% increase or $1.243 billion. He said that the trading profit for the Group was $6.196 billion compared to $5.066 billion recorded in 2016, an increase of $1.130 billion or 22.3%.