10 Nov

TTNGL – Interim Financial Statements to 30 Sept 2016

TT NGL Condensed Interim Financial Statements for the Nine Months Ended 30 September.....

TT NGL

Condensed Interim Financial Statements for the Nine Months Ended 30 September 2016

Chairman’s Statement:
I am pleased to report that for the first nine months of the year, 1 January to 30 September, 2016, Trinidad and Tobago NGL Limited (TTNGL/Company) recorded total comprehensive profit of TT$266.3 million. This represents a 113% improvement over the corresponding period in 2015 when TT$124.9 million was recorded. The significantly improved performance was driven by higher other comprehensive income arising from translation differences to the presentation currency. This contributed TT$150.4 million to total comprehensive income compared to a loss of TT$6.0 million in the prior year.

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