Bourse Report | 05.03.2021 | TTNGL Falls as Energy Markets Recover

This week, we at Bourse review the performance of the Trinidad and Tobago NGL Limited (TTNGL) for its financial year ended the 31st of December, 2020. TTNGL declined on account of lower Natural Gas Liquids (NGL) production and prices encountered by its sole investee company, Phoenix Park Gas Processors Limited (PPGPL), which affected the share of profits received. TTNGL also recorded an Impairment Loss on its assets in FY2020, further weighing on its performance.