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Banks DIH Linden Branch rakes in $2.4 B in revenue for 2024
Kaieteur News-Banks DIH Linden Branch performed exceptionally well in 2024 with a record-breaking revenue of $2.4billion, representing the most sales of all the company’s locations.
The 2024 revenue, reflected an increase of 29 percent of $557.2 million dollars compared to 2023 sales.
Branch Manager Sean Grant was awarded the prestigious Chairman’s award for 2024.
At the recently held Linden shareholders’ meeting at the Watooka Guest House, a proud Grant said this achievement could not have been possible without the invaluable support of the Linden business community and consumers of the company’s products.
“I look forward to your continuous support during this new year as we work together to achieve our collective goals and outcomes,” Grant said.
Banks DIH Linden Branch Manager, Sean Grant
Chairman of Banks DIH Clifford Reis congratulated Grant and noted that the Linden branch’s performance was historic.
Notably, the Citizen’s Bank Linden Branch also recorded a successful year with a 15 percent increase from the previous year with a revenue of $197 million dollars which is $25.7 million more compared to the previous year’s revenue.
With the company’s 2024 performance being dubbed as excellent, Reis posited that there are many avenues for expansion in services to the Linden community particularly in the housing sector and asked perspective homeowners to take advantage of all the opportunities that will be afforded them.
Overall, for 2024 Banks DIH reported a 17.76 percent increase in its after-tax profits amounting to $10.563 billion. The overall performance of the group improved by recording a profit before tax of $16.979 billion compared to $14.509 billion in 2023, which is an increase of $2.470 billion.
Reis encouraged shareholders to hold on to their shares as the company understands shareholders’ value. He outlined a plethora of plans to increase both the quality and quantity of products including beverages and baked goods.
Several infrastructural advances were also revealed including the development of Thirst Park II on the Linden Soesdyke Highway and the construction of a new beer bottling plant which will be capable of producing 500,000 cases of beer monthly.
“It’s a massive development programme we are talking about there, we are gonna shift our production capacities at different areas…we are selling air conditions, we are looking at solar energy with panels, we are looking at other bakery products,” he disclosed.
Meanwhile, the company also presented monetary donations to the Regma Primary and Harmony Secondary Schools.
(Banks DIH Linden Branch rakes in $2.4 B in revenue for 2024)
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