San Miguel pulled away in the third quarter and dismantled Barangay Ginebra, 132-94, for a pivotal 2-1 series lead in the PBA Commissioner’s Cup finals Wednesday at Smart Araneta Coliseum.ADVERTISEMENT Judy Ann’s 1st project for 2020 is giving her a ‘stomachache’ Nadine Lustre’s phone stolen in Brazil LATEST STORIES Gov’t in no rush to rescue animals in Taal MOST READ Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Sports Related Videospowered by AdSparcRead Next Reigning four-time MVP June Mar Fajardo also broke the 20-point barrier with 22 points and 15 rebounds.Christian Standhardinger has 12 points and eight rebounds off the bench while Marcio Lassiter played distributor with 12 points and nine assists.Justin Brownlee carried Ginebra with 32 points and 11 boards.The Beermen can move closer to another title with a win on Game 4 on Friday.RELATED VIDEOS Peza offers relief to ecozone firms Football Federation Australia unhappy at FIFA-backed report Austria’s instructions seemed to have unleashed the Beermen’s hidden monster as they tied the league record for the largest win in the finals, a record that once solely belonged to Alaska when it beat San Miguel 99-61 in Game 6 of the 1998 Philippine Cup.“I told them ‘no let up on offense’ and that’s what happened,” said Austria. “This win, though it is a blowout, this is just one win and there’s a long way to go.”Austria, nonetheless, is surprised with the outcome.“This is a championship game and we’re expecting a close fight, but I have to give credit to my players and I can see that they really want to win.”Renaldo Balkman led San Miguel with 28 points, 11 rebounds, five assists, two steals, and three blocks while Chris Ross, bloodied forehead and all, inspired the Beermen with 23 points, on 7-of-13 shooting from deep, seven rebounds, five assists, and four steals.ADVERTISEMENT Palace OKs total deployment ban on Kuwait OFWs The Beermen have tasted some momentum after getting stunned by the Gin Kings in the opening game, winning their last two games by an average of 31.5 points.From a close 53-51 lead at the half, San Miguel pummeled Ginebra with a 39-21 barrage and jumped to a 92-72 advantage heading into the fourth.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone still willing to coach Gilas but admits decision won’t be ‘simple yes or no’But the Beermen were not done yet. They opened the fourth quarter with a 15-5 run capped off by Alex Cabagnot’s jumper to push the lead to 107-77 with 7:17 left in the game.San Miguel head coach Leo Austria gave his team just one instruction when they started to build up steam, and that was to continue their offensive barrage against the downtrodden Gin Kings. ‘Excited’ Terrence Romeo out to cherish first PBA finals appearance PLAY LIST 01:30’Excited’ Terrence Romeo out to cherish first PBA finals appearance03:30PH’s Rogen Ladon boxing flyweight final (HIGHLIGHTS)03:34PH’s Carlo Paalam boxing light flyweight final (HIGHLIGHTS)02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award ‘High crimes and misdemeanors’: Trump impeachment trial begins In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ After winning title, time for LA Tenorio to give back to Batangas folk Don’t miss out on the latest news and information. View comments
Local 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.