TT NGL

Condensed Interim Financial Statements for the Six Months Ended 30 June 2016

Chairman’s Statement:
I am pleased to report that for the first half of the year, January 1st to June 30th, 2016, Trinidad and Tobago NGL Limited (TTNGL/Company) recorded total comprehensive profit of TT$190.2 million. This represents a 235% improvement over the corresponding period in 2015 when TT$80.8 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$118 million to total comprehensive income when compared to a loss of TT$6.5 million in the prior year period. The Company continues to benefit from its net US dollar asset position in relation to the TT dollar.