Latest update January 24th, 2025 6:10 AM
Feb 05, 2018 News
Company sells $101 Billion in stocks at Linden Branch
By Enid Joaquin
Banks DIH Limited Chairman, Clifford Reis at the Company’s meeting of Shareholders in Linden on Friday, made two important announcements: one, that the Linden Branch had sold $101billion in stocks and two, that its latest brand Ambassador is Linden star athlete and gold medalist Deshana Skeete.
Reis said that he would have to sit and talk with Deshana, so that she could understand the role of a Brand Ambassador. He added that the company would also be providing her with a stipend.
Skeete would only be pushing the Company’s non-alcohol products, Reis said.
Skeete was also presented with an iPad which Reis said will enable her to surf the world wide web to see what the competition is like and what she has to do to become a top international athlete.
Reis detailed that Skeete would also use the iPad to take pictures, document her journey as an athlete in pictures, to share with the Company.
“She also needs to record everything she would have done to become a super golden girl athlete, in a world that we know to be so competitive.” Reis declared.
Skeete made history in 2017 at the South American Youth Games in Santiago, Chile, when she secured the country’s first Gold medal in a sensational run in the Girls 400M.
The Mackenzie High School student had clocked 57.28 seconds to win ahead of Brazil’s Jessica Moreira who ran 57.54 seconds.
Real was meanwhile, high in praise for the Company’s Linden Branch Manager Shaundell Easton, who was responsible for selling 737 pieces of units of products.
Reis said this represented 101 Billion worth of stocks.
He applauded both Easton and her staff for this achievement.
Reis told shareholders and other special invitees that Easton moved the Company’s after tax profits from 12 to 17 million, an increase of 57 percent.
He asserted proudly, “Linden is not a ghost Town anymore but a Thriving Town.”
Meanwhile, it was payday for winners in the Banks GT Beer year- end football tournament whose representatives were handed their cheques by a Company official.
Banks DIH raked in $30B in revenues, more than $1.2B than the previous financial year that had ended in September 2016.
In the Chairman’s 2017 Annual Report, the Company credited the good showing from better sales of its beers and other products and heavy investments in its plants and machinery at the Thirst Park site.
According to the company, third party revenue was $30B compared to $28.76B in 2016, an increase of $1.243 billion or four percent. The trading profit from operations for the group was $6.19B compared to the $5.066B recorded in the previous year, an increase of $1.130B or 22.3 percent.
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