Barbados Dairy Industries Ltd, which trades as Pine Hill Dairy (PHD), says the company has benefitted from increased economic activity following the lifting of some COVID-19 pandemic restrictions.The PHD’s recently published unaudited half-year financial statements for the period ending June 30, 2022 showed operating profit from operations at $771 000, compared to $1.82 million in losses for the comparable period in 2021.PHD, a subsidiary of the Banks Holdings Limited Group (BHL), reported total comprehensive income for the period of $525 000, compared to a loss of $1.6 million for the same period last year.In a brief Directors’ Statement that accompanied the financials, chairman Caio Miranda and country manager Shafia London reported that sales revenue for the company increased by $0.6 million, or 2.2 per cent, at the end of the first half of 2022.
