THIS WEEK, we at Bourse review the financial performance of Scotiabank Trinidad and Tobago Ltd (SBTT) for its 9-month fiscal period ended July 2019 and Prestige Holdings Ltd (PHL) for its 9-month period ended August 2019. SBTT would have advanced on account of lower comparable tax expenses, while PHL’s profitability improved through higher revenues and more effective cost management.
Scotiabank T&T Ltd (SBTT) Scotiabank T&T Ltd (SBTT) reported Earnings per Share (EPS) of $2.97 for the 9M 2019 period, an 8.3% year-on-year (YoY) increase from the EPS of $2.74 reported in the prior comparable period. SBTT generated $991.2M in Net Interest Income in 9M 2019, a moderate 2.8% ($27.4M) improvement from the $963.8M earned in 9M 2018. Other Income declined 1.8% or $7.7M YoY, amounting to $413.5M for the period.