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Banks DIH aims to be undisputed food, beverage leader by next year
Chairman and Managing Director of Banks DIH, Clifford Reis, has declared that his company aims to be the undisputed leader in the food, beverage and banking business in Guyana by 2004.
This position, he said, would be achieved by the application of the values of focus, innovation and passion.
Reis was speaking during the company's 47th Annual General Meeting (AGM) held at Thirst Park on Saturday.
He said that last year's energies were focused on strengthening the vision, the connection with customers and employees and the trusting relationship with shareholders.
"Nevertheless, given the scope and severity of the business challenges, which we, like every other company in Guyana, faced last year and continue to face, the year 2002 can be listed as the most challenging one the business sector ever experienced in Guyana's history."
Despite that however, the company made an after tax profit of $619M in 2002 compared to $618 in 2001. The Banks group had an increase to $747M up from $694M in 2001.
Reis said at the start of 2002, no one expected the year to end on such a troubling note in addition to the downturn in the economy, which was partly because of world events and partly because of the continued political instability. The security of citizens was shattered by the crime wave, creating a state of fear and a climate in which no individual or business could thrive, Reis said.
The company exports Banko wines, Trisko cereals and XM rums to Trinidad and other West Indian countries and to Togo, West Africa. Banks Beer and Banks Malta are produced in Canada. Reis said exports of the company's products must be developed in 2004.