Banks DIH New Amsterdam records $45M profit

first_imgBanks DIH New Amsterdam outlet recorded $2.9 billion in sales last year, surpassing its 2017 sales by $214 million. The company also announced a $45 million profit in Berbice.A section of the shareholders at Sunday’s AGMThe announcement was made on Sunday during its Annual General Meeting (AGM) in Berbice, Region Six. Shareholders were told that for the period of October 1, 2017, to September 30, 2018, the branch sold 1,865,000 units of products, representing an increase of 88,000 units over the previous year.Branch Manager Ronald Mathews told the gathering that the Berbice Branch surpassed last year’s performance as a result of premium quality products by employing an efficient distribution service to customers and consumers.Mathews noted that the Demico Qik Serv in New Amsterdam also created a record despite the competition it faced.“The New Amsterdam Qik Serv Restaurant sold $115 million as compared to $108 million the previous year, representing a revenue growth $7 million thus attaining the Chairman’s Trophy for honourable mention.”Mathews praised the staff of that branch for the achievement. He referred to them as the company’s greatest asset.In 2017, the New Amsterdam Branch sold 1,600,011 items and recorded a profit of $13.7 million which was an increase of $8.5 million over 2016.Meanwhile, Chairman of the Board of Directors, Clifford Reis, acknowledged the efforts of the New Amsterdam Branch. Commending of the Berbice Branch’s performance, the Chairman noted that the profits recorded represent in excess of a fifty per cent increase from the previous year.Overall, Banks DIH recorded a profit of $4 billion. The group’s third-party revenue was $30.923 billion when compared with $30.006 billion in 2017, representing an increase of $9 million or 3 per cent. The trading profit from operations for the Group was $6.8 billion when compared with $6.196 billion achieved in 2017, representing an increase of $641.0 million or 10 per cent.Profit after tax attributable to the shareholders of the parent was $4.286 billion compared to $3.888 billion in 2017, an increase of $398 million.The value of shares increased from $34.33 to $40.15 which is an increase of 16 per cent over the year. Shareholders were given a dividend proposal of $1.10 per share representing $934.8 million. Revenue generated by the company was $27.863 billion compared to $26.548 billion in 2017, an increase of $1.315 billion or 5 per cent.Citizens Bank, which is a subsidiary of the company, recorded a before-tax profit of $1 billion. The after-tax profit was $602 million.According to Reis, within the year, the company examined and evaluated new business models which are compatible with its existing business model to create wealth and value for shareholders.“These new business models will bring into our existing business portfolio, a new generation of products and services which will foster job creation and added value.”“We continue to evaluate our traditional business model to create wealth for shareholders through the creation of new synergies, the implementation of finance and marketing initiatives and, continuing emphasis on cost reduction strategies.” He added.The company continued its tradition of presenting monetary donations to two schools – this time Winifred Gaskin Secondary and Number Five Primary School.last_img read more

WOMAN WHO REFUSED TO GIVE BREATH SPECIMEN DISQUALIFIED FROM DRIVING FOR FOUR YEARS

first_imgA woman who refused to give a breath specimen after being arrested by Gardaí on suspicion of drink-driving has been disqualified from driving for four years.Kathleen Harkin, 47, with an address of 4 Radharc Na Mara, Downings, was arrested outside the premises of ‘The Lagoon Bar’ Termon in the early hours of November 9, 2013.Gardaí saw the defendant get into her Mercedez-Benz and drive across the car park without any lights on. When they investigated further and stopped the car, Garda Kelly noticed that the defendant was slurring her speech and that there was a strong smell of alcohol from her breath.Garda Kelly then asked Mrs Harkin to get out of the car, however, when she got out of the car she staggered and couldn’t stand upright. Gardaí arrested her on suspicion of drink-driving.They brought her to Milford Gardaí Station, but there Mrs Harkin refused to co-operate with Gardaí and give a breath specimen.The court heard how Mrs Harkin had met her friend at The Lagoon Bar for a meal earlier in the evening after she had finished work, but had then stayed on for a number of drinks.Mrs Harkin later claimed she was only moving the car to a safer part of the car park and had already called a taxi to pick her up.She became so incensed at being arrested that she refused to give a breath specimen to Gardaí at Milford Garda Station following her arrest.The mother-of-three is currently unemployed, but the court was told she has a strong work ethic and had raised her family on her own.In his summary Judge Denis McLaughlin said: “I’m taking into account Mrs Harkin’s early guilty plea, and the fact she has no previous convictions of note bar one minor traffic offence.“However, her failure to provide a breath specimen to Gardaí and co-operate with them complicated the matter, and I must disqualify Mrs Harkin from driving for four years.”Judge McLaughlin also fined Mrs Harkin €300 and gave her four months to pay the fine.Her disqualification from driving will commence on January 1.WOMAN WHO REFUSED TO GIVE BREATH SPECIMEN DISQUALIFIED FROM DRIVING FOR FOUR YEARS was last modified: November 11th, 2014 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:breath testcourtsdisqualifiednewslast_img read more

Greek Soccer Overcomes Country’s Crisis

first_imgATHENS — To an outsider, little has changed in Greek football in the last decade.The national team has kept its instinct for a decisive late goal, has players easily overlooked, and a defense that plays with a spirit of defiance.It’s those ingredients that helped Greece win the 2004 European Championship and made the team a regular at major tournaments since.Greece’s national team has become a rare success story in a country struck by financial crisis that battered everything from public health to achievement in most other sports.Greece qualified for the World Cup by way of the playoffs, eliminating Romania over two legs, but only missed direct qualification on goal difference after eight wins in 10 matches, conceding only four goals.“The main thing is that we’re going to Brazil,” Greece defender Dimitris Siovas said. “People in Greece are going through a difficult time. So above all, what counts is that we give them some joy.”In Brazil, the Greeks will take on Japan, Colombia and Ivory Coast, a draw considered troubling as Greece struggles to contain pacey players.The team is coached by Fernando Santos, a stout 59-year-old former defender from Portugal who took over in 2010 from Otto Rehhagel.When the crisis hit Greece, the country’s top footballers followed the doctors, IT workers and engineers in packing their bags and heading for jobs abroad.More than half of the current squad plays overseas, including captain Giorgos Karagounis at Fulham, defender Sokratis Papastathopoulos at Borussia Dortmund — Greece’s most expensive player — and striker Georgios Samaras at Celtic.TweetPinShare0 Shareslast_img read more