Scotiabank Trinidad and Tobago Limited reported unaudited consolidated earnings results for the second quarter and six months ended April 30, 2018. For the quarter, the company reported net interest income of TTD 316,256,000 against TTD 304,693,000 a year ago. Total revenue was TTD 454,266,000 against TTD 429,817,000 a year ago. Income before taxation was TTD 246,265,000 against TTD 233,939,000 a year ago. Income after taxation was TTD 161,131,000 against TTD 162,498,000 a year ago. Earnings per share were 91.4 cents against 92.1 cents a year ago.

For the six months, the company reported net interest income of TTD 637,218,000 against TTD 611,552,000 a year ago. Total revenue was TTD 899,163,000 against TTD 874,575,000 a year ago. Income before taxation was TTD 472,052,000 against TTD 477,853,000 a year ago. Income after taxation was TTD 308,914,000 against TTD 332,785,000 a year ago. Earnings per share were 175.2 cents against 188.7 cents a year ago. Return on equity was 15.82% against 17.49% a year ago. Return on assets was 2.55% against 2.83% a year ago. Net cash from operating activities was TTD 276,464,000 against TTD 606,725,000 a year ago. Purchase of property, plant and equipment was TTD 5,978,000 against TTD 5,060,000 a year ago.

The Board of Directors has approved a second quarter dividend of 50 cents per ordinary share payable on 12 July 2018 to shareholders on record as at 13 June 2018 and ex-dividend date of 11 June 2018.