Banks DIH E’bo rakes in G45.29M in profits for 2019
Banks DIH Chairman Clifford Reis handing over the cheque for the C. V. Nunes Primary to one of its pupils
Banks DIH Chairman Clifford Reis handing over the cheque for the C. V. Nunes Primary to one of its pupils

– earning Branch Manager Chairman’s Award two years in a row

By Indrawattie Natram

BANKS DIH Airy Hall on the Essequibo Coast has done it again, raking in a cool G$45.29M profit in sales alone, and earning its manager in the process the Chairman’s Award for the second year running.

Branch Manager Premaul Ritney addressing the AGM on Sunday

Giving a breakdown of the branch’s performance for Financial Year 2018 – 2019 at the company’s 64th Annual General Meeting (AGM) on Sunday, Company Chairman Clifford Reis told its scores of shareholders in the ‘Cinderella County’ that Banks DIH Airy Hall continues to do the company proud, having brought in a staggering $1.58B for Financial Year 2018-2019 when compared to the $1,54B it made the previous year.

Speaking on the number of units of products the branch has sold over the period at reference, Reis reported that for 2018 alone, physical sales amounted to 952,967 units, while in 2019, that figure increased by 21,220 units, thanks to an increase in sales on such products as GT Beer, Malta Supreme, Vita Malt, Shandy, soft drinks, Tropical and Aqua Mist water, and bread.

Banks DIH Essequibo shareholders and other invitees at the company’s AGM, which was held at its Airy Hall branch on Sunday

In response to a shareholder’s question on the closure of Citizen Bank in the Region, Reis said that the company is currently looking for a plot of land to purchase, as it has every intention of reopening the Bank. He also used the opportunity to announce the planned opening of a Quik Serv restaurant in Region Two (Pomeroon-Supenaam) in the near future.
As to what he thought of the region’s agriculture sector, Reis said that from the little he has seen of it from the air, he is pleasantly surprised to see that persons are still interested in rice after the discovery of oil, to the extent that they are devoting even more land to the cultivation of the grain.

Branch Manager Premaul Ritney took the opportunity to thank his hard-working staff for the support they’ve lent him since taking office close to two years ago, and to thank all their loyal customers and dealers for their unwavering commitment over the years.
The occasion was also used to make financial donations to the C. V. Nunes Primary and Cotton Field Nursery schools.

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