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first_imgBanks DIH Limited registered a $4.243 billion after-tax profit for 2017. This is against the after tax-profit of $4.702 billion garnered in 2016, according to the company’s Annual Financial Report.This result was produced because the company’s trading profit rose in 2017 by 22.3% over the previous year’s, although after-tax profit fell by 9.76% over the period, because of a one-off gain in 2016.Chairman and Managing Director of Banks DIH Limited, Clifford ReisThe report, presented by Banks Chairman and Managing Director Clifford Reis, stated that, in the prior year, the company benefited from the one-off gain of $1.4 billion accrued as a result of the disposal of the investment securities held in Banks Holdings Ltd and Desnoes and Geddes (Jamaica) Ltd, and because of the dissolution of BCL (Barbados) Ltd.The group’s net assets value per share has increased from $31.72 to $33.33, and the company has increased its dividend proposal to shareholders to $1.04 per share unit, resulting in an overall cost of $884 million.“The improved results were made possible as a result of the increase in sales of our malt products, aerated and liquor beverages, and food products,” the Chairman noted in the 2017 Annual Report.Reis said the company also benefited from the reduction in prices paid for several key raw and packaging materials, which included sugar and pre-forms.“Prudent management of our asset base and financial resources also contributed to the overall results,” he added.Stating that the global economy had experienced some shock as a result of the general elections in the US, he said there were marginal improvements resulting from the increase in commodity and oil prices.The Banks Chairman and Managing Director also stated in his report that the implementation of the Environmental Levy of $10 per container on all non-returnable glass and PET containers had helped to reduce consumer spending, which ultimately affected retail sales.In addition to that, Reis said, the company weathered the effects of an artificial increase in foreign exchange rates, which affected the acquisition costs for raw and packaging materials, plant and machinery spares, and capital equipment; in addition to foreign exchange and payment for goods and services.Reis noted that the distribution warehouse was extended by an additional 15,900 square feet of new storage space; a new malt intake system was installed in the brewery; and the beer bottling plant benefited from the installation of a crate washer and a new cleaver brook boiler. Modernisation of the Trisco cookies and crackers lines was continued with the acquisition of new packaging equipment.Citizen’s BankTouching on the performance of Citizen’s Bank, the Chairman stated that revenue was $3.5 billion, compared to $3.2 billion, an increase of $287 million, or 8.8 per cent. Profit after tax was $727 million.Reis said that from a net profit of $3.8 billion, a dividend payment of $802 million was made, leaving $3 billion for transfer to retained earnings.He noted that the company performed well in 2017, but the uncertain global and local economic environments, together with the effects of changing global weather patterns, are factors which would adversely affect the company.“We continue to examine areas in which we can diversify our business portfolio,” the Chairman added.Meanwhile, the company also announced that its AGM will be held at Thirst Park on Saturday, January 27. At the AGM, shareholders will receive the financial statements for the year ended September 30, 2017, and the reports of the directors and auditors, among other activities.last_img read more

first_imgThe Toners brothers took 1st and 2nd place in the Ramelton 5k roadrace last night. Ivan came home more than half a minute ahead of brother Paul.More tha 241 people ran and walked the 5k route on a gorgeous nightFirst Female was Catherine Lilyburn City of Derry 19.39 followed by Irene Mcfadden L A C  20.49 and Amanda McNulty L A C 23.37 RAMELTON 5K 2012 RESULTS Place Race No. Time FirstName Surname Category Club1 5 16.46 Ivan Toner SM Letterkenny A C 2 4 17.20 Paul Toner SM Letterkenny A C3 54 17.21 Kieran McBride SM Letterkenny A C4 41 17.26 Kieran Crawford SM Letterkenny A C5 25 17.44 Martin Kelly SM Letterkenny A C6 26 17.45 Martin Irwin M40 Finn Valley A C7 109 18.07 Joe Gibbons SM Individual 8 62 18.12 Conal McCambridge JM North Belfast Harriers9 66 18.22 Pat Hegarty M50 Finn Valley A C10 100 18.26 Barry Coyle SM Individual11 99 18.41 John McFadden SM Individual 12 60 18.52 PJ Boyce M45 Cranford A C13 97 18.56 Callum Boyce SM Individual14 55 19.11 Enda McBride Walker Letterkenny A C15 23 19.24 Michael Kelly SM UHG16 78 19.26 Mark Daly SM Individual17 67 19.36 Joe Hegarty M45 Individual18 30 19.39 Catherine Lilyburn SW City Of Derry19 85 20.00 Mark McPaul JM Milford A C20 61 20.10 Anthony Sweeney SM Individual21 75 20.13 Kieran Coyle SM Letterkenny A C22 29 20.13 Michael Gallagher M50 Foyle Valley23 6 20.22 Garvan McCloskey M40 Letterkenny A C24 90 20.25 Stewart Magee SM Individual25 68 20.32 Raymond McGahey M40 Individual26 73 20.37 Peter Boyce SM Individual27 74 20.40 Michael O’Hara SM Individual28 58 20.49 Irene McFadden SW Letterkenny A C29 46 20.53 Paul Catterson SM Individual03 August Page 1 of 4 Place Race No. Time FirstName Surname Category Club30 91 20.58 Curly Coyle SM Individual31 44 21.03 Ronan Gildea SM Individual32 18 21.07 Darren Price SM Individual33 69 21.18 Damien Daly SM Individual34 9 21.27 James McCahill Walker Individual35 47 21.41 Kenny Graham M40 Individual36 56 21.46 Brian McBride M60 Letterkenny A C37 50 21.47 Garvan Patterson SM Individual38 43 22.03 Paul Gildea SM Individual39 39 22.05 Oisin Sweeney SM Individual40 24 22.07 John Kelly SM Individual41 70 22.15 Jonathon Scanlon SM Individual42 22 22.20 Hugh O’Donnell M50 Individual43 13 22.20 Collie O’Donnell M40 Letterkenny A C44 28 22.38 Sharon Black W35 Individual45 31 22.49 Stevie Whyte M40 Individual46 53 23.03 Lester Dobson SM Letterkenny A C47 92 23.04 Margaret Hannon W40 Individual48 12 23.05 Gerard Doherty SM Letterkenny A C49 83 23.13 Jerry Dunnion SM Individual50 86 23.14 James Doherty M60 Individual51 42 23.20 Declan McElwaine SM Individual52 64 23.27 Ita McCambridge W50 North Belfast Harriers53 40 23.33 Joe Coyle SM Individual54 36 23.34 Joe Boyce SM Individual55 15 23.35 Gloria Donaghey W50 Finn Valley A C56 59 23.37 Amanda McNulty SW Letterkenny A C57 94 23.47 Ethan O’Donnell JM Individual58 11 23.50 Sonia Moore SW Individual59 52 23.59 Cathal Roarty M45 Letterkenny A C60 105 24.04 Stephen Stewart SM Individual61 27 24.07 Barry Irwin SM Finn Valley A C03 August Page 2 of 4 Place Race No. Time FirstName Surname Category Club62 112 24.10 Nancy McNamee W45 Finn Valley A C63 88 24.17 Ger Hardiman SM Individual64 65 24.28 Paul Skinadaer M45 Letterkenny A C65 79 24.44 Sinead Trearty SW Individual66 21 25.02 Jim Hynes M70 Finn Valley A C67 57 25.05 Fiona Deasley SW Individual68 77 25.13 Lorraine McCreary SW Individual69 103 25.20 Liam Doherty SM Individual70 71 25.24 Patricia Wilson SW Individual71 87 25.37 Tanya Hardiman SW Individual72 35 25.47 Cathy Harvey W45 Individual73 98 25.52 Gary Duffy SM Individual74 49 25.56 Josie L W45 Individual75 16 25.58 Brian Duffy SM Individual76 63 26.06 Orla McCambridge SW North Belfast Harriers77 10 26.07 Patrick McAteer Walker Individual78 8 26.32 Shay Durning Walker Individual79 84 26.37 Anthony McCarron SM Individual80 33 26.48 Lorraine Kerr SW Individual81 104 26.51 Joanne Carney W40 Individual82 110 27.21 Lorna Kemp SW Individual83 34 27.24 Catherine Burke SW Individual84 37 27.36 Shirley Boyce SW Individual85 111 27.43 David Speer JM Individual86 45 27.56 Monica Grier W40 Individual87 38 28.05 Chuck McDaid SM Individual88 81 28.20 Janette McNulty SW Individual89 82 28.20 Conor McNulty SM Individual90 80 28.26 Frankie Hewitt M40 Individual91 95 28.28 Zara Herron SW Individual92 3 29.01 Carla Delaney SW Individual93 48 29.13 Ann McLaughlin W35 Individual03 August Page 3 of 4 Place Race No. Time FirstName Surname Category Club94 17 29.45 Geraldine Flood W40 Individual95 72 29.51 Kathy Lynch SW Individual96 76 29.51 Deidre McGarriagle SW Individual97 102 29.59 Alice Murrary SW Individual98 101 29.59 Amy Murrary SW Individual99 107 30.22 Anton MacGabhann M40 Individual100 32 31.20 Oriel Whyte W35 Individual101 51 31.51 James Smyth M55 Individual102 106 31.53 Katrina McDaid SW Individual103 14 31.59 Louise Shields W50 Individual104 89 32.02 Lynne Ramsey SW Individual105 108 33.38 Claire Hyland SW Individual106 96 34.01 Jane Bryant W40 Individual107 7 37.00 Jason McCahill Walker Individual108 20 42.46 AnnMarie Tinney Walker Individual109 19 42.46 Claire Price Walker IndividualTotal Runners: 109RESULTS: TONER AND CATHERINE TAKE HONOURS IN RAMELTON 5K was last modified: August 4th, 2012 by BrendaShare 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:RESULTS: TONER AND CATHERINE TAKE HONOURS IN RAMELTON 5Klast_img read more