Beverage company Banks DIH registered after-tax profit of $7.58b for 2022, a 12% increase over 2021.
In his statement to shareholders contained in the Banks’ 2022 annual report, Chairman Clifford Reis said that the profit was achieved despite the continued challenges globally.
“The Financial year which ended on 30 September 2022, had many ongoing challenges of Supply Chain Issues, which resulted in the rising cost of Raw Materials, Spares, Production, Distribution and the rising cost of living on Workers’ income. However, through our strategic planning and leadership skills, the Company was able to rise above these difficulties by managing our manufacturing processes to make consistent quality Beverage and Food Products, the engineering of efficient plant and equipment operations and the selling of our products “Better and Smarter” so as to manage growth. Employee engagement continues to be high and agile in a volatile market”, he stated.