Scotiabank Trinidad and Tobago Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended April 30, 2017
June 07, 2017 at 04:14 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, 2017. For the quarter, the company reported net interest income of TTD 304,693,000 against TTD 275,734,000 a year ago. Total revenue was TTD 429,817,000 against TTD 393,807,000 a year ago. Income before taxation and loan loss was TTD 264,299,000 against TTD 224,145,000 a year ago. Income before taxation was TTD 233,939,000 against TTD 201,552,000 a year ago. Income after taxation was TTD 162,498,000 against TTD 150,627,000 a year ago. Earnings per share were 92.1 cents against 85.4 cents a year ago.
For the six months, the company reported net interest income of TTD 611,552,000 against TTD 543,203,000 a year ago. Total revenue was TTD 874,575 787,033,000 a year ago. Income before taxation and loan loss was TTD 536,345 445,977,000 a year ago. Income before taxation was TTD 477,853 415,798,000 a year ago. Income after taxation was TTD 332,785 $307,691,000 a year ago. Earnings per share were 188.7 cents against 174.5 cents a year ago. Return on equity was 17.49% against 16.75% a year ago. Return on assets was 2.83% against 2.78% a year ago. Net cash from operating activities was TTD 606,725,000 against net cash used in operating activities of TTD 158,154,000 a year ago. Purchase of property, plant and equipment was TTD 5,060,000 against TTD 7,633,000 a year ago.
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.