Russell stars but Thunder lose again

first_imgSYDNEY, Australia (CMC):Not even a fine all-round effort from West Indies star Andre Russell was enough to save Sydney Thunder from crashing to a 30-run defeat to Perth Scorchers, in the Australian Big Bash here yesterday.Chasing 176 for victory at the Sydney Showground Stadium, Thunder slumped to 17 for two in the third over before crawling to 145 for nine off their 20 overs.The 27-year-old Russell unfurled a whirlwind 42 off 20 deliveries with five sixes but wickets continued to fall as Thunder slid to their third straight loss, leaving them fourth in the BBL standings.With their victory, Scorchers moved to the top of the standings on eight points along with Adelaide Strikers but with a superior net run rate.Sent in, Scorchers recovered from a position of one run for two wickets in the second over to rally to 175 for five off 20 overs.The revival came through Cameron Bancroft who struck 72 off 53 balls in anchoring two key stands. He first put on 63 for the third wicket with Shaun Marsh, who hit 28 from 22 balls and a further 105 for the third wicket with Ashton Agar, who blasted 68 off 34 deliveries.Pacer Russell, who knocked over Michael Klinger with the third ball of the game without a run on the board, returned to claim Bancroft in the penultimate over and end with two for 31 from four overs.In reply, Thunder lost South African Jacques Kallis (7) and Aiden Blizzard (7) cheaply to left-arm seamer Jason Behrendorff before Russell came to their rescue with his cameo.RUNRATEHis first nine deliveries yielded eight runs without a single boundary, but with the required run rate jumping to 13 at the end of the 11th over, Russell launched an all-out assault.He twice cleared the ropes with left-arm spinner Brad Hogg in the 12th over, which went for 16 runs, and then smashed leg-side sixes off English left-arm seamer David Willey in the next over, which also cost 16 runs.It took the return Behrendorff and a stunning catch from Joel Paris at fine leg to account for Russell in the 14th over with the score on 97 for five.Once he departed, the innings lost momentum, with four more wickets falling for the addition of just 40 runs.last_img read more

Banks DIH records $1.4B after-tax profit in mid-year report

first_imgLocal beverage company Banks DIH Limited has had a stellar performance during the first half of the 2018 financial year, having recorded a nine per cent increase in after-tax profit when compared to the corresponding period last year.Banks DIH Chairman, Clifford ReisThis was disclosed by Banks Chairman Clifford Reis when he presented the Group’s Operating and Financial Results. The company’s Interim Financial Statement for the period ending March 31, 2018 was published in the Guyana Times on Sunday.According to Reis, the Group’s third party revenue for the six-month period was $15.83 billion, compared to $14.94 billion for the corresponding period in 2017, and representing an increase of $894.5 million, or six per cent.He went on to disclose that unaudited profit before taxation for the group during that period was $2.61 billion, as against $2.54 billion achieved in 2017, reflecting an increase of $70.8 million, or 2.8 percent.Reis noted as well that the unaudited Operating Profit before Tax for the parent company was $2.21 billion, compared to $2.09 billion in 2017; while the unaudited Profit after Tax was $1.43 billion compared to $1.32 billion in 2017, an increase of $119 million or nine per cent.Meanwhile, Citizens Bank Guyana Inc. also had a similar performance, achieving an unaudited Profit after Tax of $277.7 million, compared to $288.7 million achieved in 2017.Going forward, the 51 per cent-owned subsidiary of the company, according to Reis, is ready within to respond to the opportunities which the recent development within the Petroleum and Gas Sector, and the need for a local content input, will present.“The improved results achieved by the parent company in the first half year came mainly from the increase in dollar sales, physical growth in case sales, and the efficiencies in manufacturing processes derived from capital investment in new plant and machinery for the Production Departments,” Chairman Reis stated.He went on to highlight that during the period under review, the company continued its capital development strategies with the completion of the New Vehicle Workshop and Parking facility which were commissioned along with its new offices for the Workshop Administration, Environmental and Safety Department, and the Buildings & Property Department.He added that a new plastics and chipping facility (PET) was also constructed.Looking ahead in the second half-year, Reis posited that the company proposes to complete another phase of its Solar Energy Programme at the OMG Restaurant, the installation of new biscuit and ice-cream packaging lines, the drilling of a new water well with storage facilities, and the purchase of trucks and forklifts.“My fellow shareholders, we can advise with a deep sense of accomplishment that, during the period under review, our beers, rums and water products were awarded gold and grand gold medals by Monde Selection International Quality Institute. Banks beer; GT beer; Rainforest water; XM 5 –Year-Old and 10-Year-Old rums achieved gold, while 12-Year-Old and 15 Year Old Rums were awarded Grand Gold,” the Chairman boasted.Meanwhile, he announced that the directors have approved an interim dividend of $0.28 per share unit to all shareholders whose names appear on the Register as at 18 May 2018, to the tune of $238 million in total payments.Reis used the opportunity to thank his fellow directors for their support and guidance, as well as shareholders, suppliers, customers and employees for their confidence reposed in the Group during this period.last_img read more