Bourse Report | 21.03.2022 | SBTT Improves, WCO Struggles

On this weeks’ #Boursereport, Sarodh Ramkhelawan, CFA discusses the financial performance of the Canadian-owned Banking giant, #Scotiabank Trinidad and Tobago Limited (#SBTT), for the first quarter ended January 31st, 2022. We also review the performance of the West Indian Tobacco Company Limited (#WCO) for the financial year ended December 31st, 2021. SBTT advanced on account of higher revenues, lower Impairment Losses and Non-Interest Expenses, whereas WCO recorded lower revenues and margins linked to Covid-19 induced economic challenges. Could SBTT continue to build on its positive earnings momentum? Will the reopening of entertainment channels drive the performance of WCO throughout the course of 2022?