Monday, January 22, 2018

PPGPL drives TTNGL, WCO struggles*


This week, we at Bourse take a closer look at the performances of Trinidad and Tobago NGL Limited (NGL) and The West Indian Tobacco Company Limited (WCO) for the third quarter ended September 30. Energy commodity prices have steadily improved throughout the year, resulting in an improvement of TTNGL’s share of profit from Phoenix Park Gas Processors Limited (PPGPL). WCO’s earnings declined for the period due to continued business challenges. We discuss the main factors, which affected the performances as well as provide an outlook. 

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