Profit rise at T&TNGL

T&T NGL closed at $29 on TTSE on Friday.


Trinidad and Tobago NGL reported higher income from share of joint venture profit in the March 2018 quarter.
The company’s share rose to TT$61.4 million from $57 million in 2017 and $217 million for the twelve months to December 2017.
The company owns 39 percent of shareholding in Phoenix Park Gas Processors and ended with profit of TT$61.8 million after tax in the March 2018 quarter up from $57 million in 2017. Profit for the 2017 fiscal year was $234 million after tax.
Earnings per share amounted to 40 cents and $1.51 for the 2017 fiscal year. Shareholders’ equity $3.26 billion with net book value per share of $21. The stock trades at $29 on the Trinidad Stock Exchange.

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