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Tuesday, October 17 2017 @ 12:58 PM AST

TTNGL profits went down 47% actually, and it made its first prudent dividend payment since it IPO'd

For the first time since it became a public company and started paying dividends to shareholders, the National Gas Company (NGC) subsidiary known as Trinidad and Tobago Natural Gas Liquids (TTNGL), a government-created entity to hold a 39% stake in Phoenix Park Gas Processors Ltd (PPGPL), mainly a cooking gas supplier to the US and the Caribbean, prudently paid a dividend lower than its earnings per share (EPS).

Last year, the NGC focused on TTNGL's Total Comprehensive Profit going up 235% while this year it focused on its profit after tax going up 26.7% but note that the Total Comprehensive Profit this half year went down from $190 million to $101 million, as gains on the weakened TT dollar currency disappeared this half year.

2017 vs 2016



2016 vs 2015







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