Banks DIH Linden Branch records 3.3% sale increase
The management and staff of the Linden Branch of beverage giant Banks DIH Limited came in for high praise once again on Friday, as the company presented its 2016 financial report at Linden, Region 10 (Upper Demerara-Berbice) in recognition of its 61st Annual General Meeting (AGM). In her review of the
A section of gathering at the Banks DIH AGM (Linden branch)
performance of the Linden branch for the fiscal year ending September 2016, Branch Manager Shondell Easton revealed to scores of shareholders and Executives present at the meeting that the branch performed creditably, achieving total sales of $1,052,750,764 ($1.05 billion), a slight increase of 3.3 per cent from the previous year.
The Branch Manager further noted that on the physical case sale, the branch sold a total of 712,399 cases, which signalled a slight decrease of 5.6 per cent. Addressing the gathering in the compound of the Linden branch, located at Republic Avenue, Mackenzie, Easton said the company looks forward to continued support from its customers, as it continues to strive on building a good relationship with the community through sport, education and entertainment.
In his presentation, Banks DIH Limited Chairman Clifford Reis attributed the successes of the sales at the Linden branch to the dedication and good relationship between the staff and the people. In congratulating the branch, Reis noted that Easton went even further this year by increasing the profits of the branch by $8 million.
Citizens Bank
Additionally, Reis indicated that Citizens Bank’s branch in Linden also had a relatively “good” year. He stated that during the financial year ending September 30, 2016, the total revenue for the branch increased by $5 million. Reis noted that only $720 million was borrowed from the bank in 2016, as he urged Lindeners to make better use of the bank’s loan services.
“What is surprising us though, you’re not borrowing enough. People are not borrowing enough money at Linden. You only borrowed $720 million and we want to know why. We’re willing to lend you, but we have to lend you under certain conditions. If you meet the right conditions, you get the loan. So, my fellow shareholders and friends in Linden, it is your bank…” he said as he called for loan applications.
Following the company’s overall and branch financial report, presentations were made to the West Watooka Nursery School and the Linden Centre for the Disabled.
Trophies and cash incentives were also presented to outstanding teams and individuals which participated in the annual Upper Demerara Football Association (UDFA) Banks DIH GT Beer Cup football tournament, which was held in Linden from December 6, 2016 to January 1, 2017.
Among some of the officials present were Banks DIH’s Company Managing Director, George McDonald; Deputy Mayor of Linden Waneka Arindell; and Regional Vice Chairman Elroy Adolph, among others.
