The NGC Group of Companies (The Group) is pleased to report a solid financial performance for the first half of 2022, despite the continued economic disruptions from COVID-19 and other global factors. The Group recorded a profit of TT$1.6B for the financial period ended 30 June 2022 as compared to a profit of TT$437M in 2021, which represents a 260% increase. The Group’s revenues of TT$16.6B were TT$7.1B greater than revenues of TT$9.5B for the same period in 2021. The rebound in commodity prices positively impacted revenues and margins. Prices of Ammonia, Methanol, Liquified Natural Gas and Natural Gas Liquids (NGLs) increased by 185%, 4%, 457% and 72% respectively.
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