Chairman's Reports

Read the full report given by the chairman during the company's 66th Annual General Meeting

My fellow shareholders, permit me to extend a warm and cordial welcome to the 65th Annual General Meeting of Banks DIH Limited, and on my own behalf and that of the Board of Directors, the Management and Staff to extend best wishes for a Peaceful, Healthy and Productive 2021. For the first time the Annual General Meeting will be conducted in the manner pursuant to the order of the Court made by Honourable Justice Sandil Kissoon and entered on the second day of December 2020.

Dear shareholders, it gives me great pleasure to report on the results achieved by the Banks DIH Ltd Group for the period ended 30 September
2019.

Revenue and Profits

The Group’s third party revenue was $32.917 billion compared to $30.518 billion in 2018 representing an increase of $2.399 billion or 7.9%. The Trading Profit from Operations for the Group was $7.529 billion when compared with $6.837 billion achieved in 2018, representing an increase of $692.0 million or 10.1%.

My fellow shareholders, it is with pleasure that I present my report on the performance of the Banks DIH Ltd Group for the period ended 30 September 2018. The Group’s third party revenue was $30.923 billion when compared with $30.006 billion in 2017, representing an increase of $917.0 million or 3%. The Trading Profit from Operations for the Group was $6.837 billion when compared with $6.196 billion achieved in 2017, representing an increase of $641.0 million or 10%.

Profit after Tax attributable to the Shareholders of the parent was $4.286 billion compared to $3.888 billion in 2017, an increase of $398.0 million or 10%.

My fellow shareholders, it gives me great pleasure to present my report on the Company’s performance for the period ended 30 September 2014 and to advise on the results achieved for the period under review.

Fellow shareholders, the recently concluded financial year was challenging in many respects but as a result of prudent decision-making and the implementation of cost saving measures, and strict financial controls, we have produced a result which even though down on the previous year’s results, can be considered as acceptable Fellow shareholders, even though the economic data suggests that the global financial situation may be recovering in some areas, uncertainty and fear have now taken their place on the agenda of legitimate concerns which are affecting economic results across the globe and locally. Banks DIH Limited was not exempt from that reality and the effects of the global recession resulting in the financial tsunami which in turn resulted in the virtual collapse of the global financial markets.

My fellow shareholders, you may recall when last we came together that we reviewed what will be required to take our Company to “The Next Level”. At that time, we considered that within the understanding of that concept, we should not consider “The Next Level” as a physical space or geographical location but rather a change of attitude, work ethic and thinking from which will flow increased sales volumes and improved financial results.

My fellow shareholders, you may recollect when we came together in 2010, I shared with you my vision of the future which is to attain perfection in every aspect of our company’s operations.

My fellow Shareholders, it is my privilege and distinct pleasure to welcome you to our Company’s Fifty-Fifth Annual General Meeting and to present on behalf of the Board of Directors, the Annual Report for the period ended 30th September 2010.

“Our Country, Our Life, Our Beer”

My fellow shareholders, it is my privilege and pleasure to welcome you to our Company’s Fifty-fourth Annual General Meeting, and to present on behalf of the Board of Directors, the Annual Report for the period ended 30th September 2009. I will also utilise this opportunity to extend best wishes and sincere greetings for 2010 to all of you and your families from all of us within the Company.