TTNGL Comprehensive Income up by $141.4 Million
On November 10, 2016, Trinidad and Tobago NGL Limited (TTNGL) published its interim Q3 Financial Statements, covering the period January 01 to September 30, 2016.
NGC Group Chairman, Gerry C. Brooks, reported that TTNGL recorded a total comprehensive profit of TT$266.3 million for the period – a 113% improvement over the corresponding period in 2015 when TT$124.9 million was recorded. This significantly improved performance was driven by higher other comprehensive income arising from translation differences to the presentation currency. Excluding the impact of currency translation, TTNGL’s after-tax profit for the period was TT$115.9 million, down from TT$130.9 million in 2015.
