Scotiabank Trinidad and Tobago Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended April 30, 2018; Approves Dividend for the Second Quarter Ended April 30, 2018, Payable on 12 July 2018
June 06, 2018 at 04:30 pm EDT
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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.
Scotiabank Trinidad and Tobago Limited offers a range of banking and financial services. The Companyâs segments include Retail, Corporate & Commercial, Asset Management, Insurance Services and Other. The Retail, Corporate & Commercial segment includes the provision of loans, deposits, trade financing and other financial services to businesses and individuals. Other segment includes the functions of a centralized treasury unit and other centralized services. Its banking and investing includes chequing accounts, savings accounts and investing. Its financing products include working capital, term financing, risk management, structured finance and investment banking. Its cash management services, such as account management services, payable services, receivable services, and merchant services. Its merchant services include Scotia eCom+, credit and debit card processing and cash management devices. Its international trade service includes domestic and cross-border trade finance solutions.
Scotiabank Trinidad and Tobago Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended April 30, 2018; Approves Dividend for the Second Quarter Ended April 30, 2018, Payable on 12 July 2018