Nov 2015 Financial News

NGL reports $130.9 million profit

Nov 19, 2015

NGL Trinidad Limited, a subsidiary of the National Gas Company (NGC) has reported a profit of $130.9 million for the nine-month period ended September 30, 2015 In making the announcement in the compay’s interim financial statements for the period, NGC chairman, Gerry Brooks, said the profit for the third quarter 2015 was $343.5 million; earnings per share for third quarter 2015 was $0.28 and the earning per share for the nine months ended September 30, 2015 was $0.85 per share

Brooks indicated that the NGL Initial Public Offering (IPO) was successfully launched and oversubscribed by the public. “As indicated at the listing, PPGL (Phoenix Park Gas Processors Limited) has embarked on several strategic initiatives which are designed to enhance revenue and profitability,” Brooks said He indicated that the NGC board has agreed to a special interim dividend of $0.50 per share The dividend will be paid on December 15, 2015 to shareholders on the record at the close of business on November 30,2015

Source:
Newsday
Thursday November 19 2015

http://www.newsday.co.tt/business/0,220113.html