NGL Interim Financial Statements for the Nine Months Ended 30th September 2015
CHAIRMAN’S STATEMENT:
I am pleased to report that our Company recorded a profit of $130.9 million for the nine months ended 30 September 2015. Profit for third quarter 2015 was $43.5 million. Earnings per share for third quarter 2015 was $0.28. whilst for the nine months ended 30 September 2015. earnings per share was $0.85.
Trinidad and Tobago NGL Limited’s Initial Public Offering was successfully launched and was oversubscribed by the public. As indicated at the Listing. PPGPL has embarked on several strategic initiatives Which are designed to enhance revenue and profitability. Your Board will provide progress reports in subsequent statements.
We are committed to the dividend policy prescribed in the TTNGL Prospectus and will pay dividends semi-annually.
Your Board has agreed to a special interim dividend of $0.50 per share. The dividend will be paid on Tuesday 15 December 2015 to shareholders on record at the close of business on Monday 30 November 2015.
