The NGC Group continues to show marked improvement in its financial performance according to Summary Consolidated Financial Statements for the Six Months Ended 30 June 2022. For the financial period, The National Gas Company of Trinidad and Tobago Limited (NGC) together with its subsidiaries (collectively the Group) recorded a profit of TT$1.6B. This represents a 260% increase over the TT$437M profit recorded in 2021. The Group posted revenues of TT$16.6B, which were TT$7.1B greater than revenues of TT$9.5B for the same period in 2021.
The rebound of commodity prices which started trending upwards in 2021, have remained strong, largely due to impacted supply coming out of Europe because of the ongoing war between Russia and Ukraine. This rebound has positively impacted The NGC Group’s revenues and margins. The financial performance of the Group is also reflective of its incisive leadership and the intentional execution of its new Strategic Plan to 2025.
