NGL Share of Profits Up, GHL Advances.
This week, we at Bourse take a closer look at the performances of Trinidad and Tobago NGL Limited (TTNGL) and Guardian Holdings Limited (GHL) for the year ended December 2016. While exports of Natural Gas Liquids (NGLs) remain low, energy commodity prices have steadily improved throughout the year, which resulted in an improvement of TTNGL’s Share of Profit from PPGPL. GHL benefitted from growth in Net Income from Investing Activities. We discuss the main factors which affected the performances as well as provide an outlook.