Banks DIH, Guyana’s largest producer of beverages and food products, has seen its revenue increase by $1.10B and its profit before tax jump by $498M. Disclosing these figures for the first half of its financial year was the Chairman of the company, Clifford Reis.
Even though the finances seem to be on the upside as of March 31,last, Reis expressed some uncertainty about the company’s performance for the second half of the year, given the COVID-19 pandemic and the issues surrounding the 2020 General and Regional Elections.
Reis was keen to note that the novel coronavirus may bring new challenges which would bring disruptions for the company’s supply chain along with consequential shifting of consumer demand. The Chairman said too that the implications of social distancing may become an aspect of daily life as it will impact the way society operates in the foreseeable future.
Taking this into account, Reis said, “We are cautiously optimistic that with measures implemented both at the national level and within the Group, we can rise above the challenges and return a good performance for Financial Year 2020.”
