Express Business Filler #1

STATE-OWNED National Gas Company (NGC) yesterday reported group profit after tax of $2.327 billion for 2018, which represents an increase of $1.338 billion or 135 per cent above the 2017 profit after tax figure of $989 million.

In one of his last official acts as the chairman of T&T’s largest indigenous company, business executive Gerry Brooks attributed the group’s improved profitability “to the ongoing execution of the strategic plan to re-engineer the business to drive new levels of productivity, improvements in commodity prices and partial settlement of the Investment Note Certificates that the company held in the CLICO Investment Bank”.

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NGC announced that Brooks was resigning as the chair­man of the holding company and all of the group companies on which he served as either chairman of director. He also resigned from all State com­pa­ny boards on which he served. All the res­ig­na­tions became ef­fec­tive on June 30, 2019.

Brooks signed off on the 2018 consolidated financial statements on June 30, his last official day in the job.

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