TTNGL's Profits Up

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Trinidad and Tobago NGL Limited has recorded a profit of $512.8 million, compared with $6.4 million in 2020. The company's annual report was published to TTNGL’s... Read more

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Trinidad and Tobago NGL Limited has recorded a profit of $512.8 million, compared with $6.4 million in 2020. The company's annual report was published to TTNGL’s website on April 30th. According to the Chairman’s Report, TTNGL’s improved performance was driven by a higher share of profit from Phoenix Park Gas Processors Limited (PPGPL). PPGPL recorded a profit after tax of TT$545 million at year end 2021, which constituted a 366.6% improvement when compared to TT$116.8 million for the corresponding period of 2020. TTNGL Chairman, Conrad Enill, remarked that PPGPL is well positioned to mitigate the uncertainties of the current economic landscape through a robust strategic plan that proposes to diversify its current markets and to seek out new territories of operation, while strengthening its indigenous performance for stakeholders.

TTNGL's Profits Up

TTNGL's Profits Up

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