NGC Records $2.6 Billion Profit For 2021

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NGC Records $2.6 Billion Profit For 2021

The National Gas Company of Trinidad and Tobago Limited recorded a profit of TT$2.6B for the financial year ended December 31st 2021.

It says this represents a strong recovery over the TT$2.1B recorded in 2020.

The information is contained in the company’s published annual 2021 report.

In a media release on Tuesday, NGC said the annual report presents the consolidated financial performance of The NGC Group for the period January to December 2021.

The Group’s revenues of TT$23.6B were TT$12.2B greater than revenues of TT$11.4B for the year 2020.

The rebound in commodity prices in 2021 positively impacted revenues, with prices for ammonia, methanol, liquefied natural gas and natural gas liquids being 190%, 92%, 911% and 112% higher respectively.