PPGPL Cautious Despite Strong Returns

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Despite notching up a 366% increase in profits at the end of 2021, Phoenix Park Gas Processors Limited (PPGPL) will continue to ‘bat in their crease’ to ensure the company... Read more

Category: Movies from 2020, Movies from 2021...

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Despite notching up a 366% increase in profits at the end of 2021, Phoenix Park Gas Processors Limited (PPGPL) will continue to ‘bat in their crease’ to ensure the company takes no unnecessary risks. PPGPL recorded an after-tax profit of TT$512.8 million at the end of 2021, compared to TT$6.4 million in 2020. PPGPL President Dominic Rampersad says the company was able to obviously produce more in 2021 compared to 2020 in the height of the pandemic, and also able to sell its product for higher prices as markets rebounded, especially with current high energy prices. However, he notes that despite the resounding success, the company will ensure it makes the right strokes at the right time. Mr. Rampersad adds that PPGPL will also look to diversify its market to ensure its profits remain relatively strong.

PPGPL Cautious Despite Strong Returns

PPGPL Cautious Despite Strong Returns

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