Neal & Massy fuelled by high revenues


Neal & Massy Limited produced year on year earnings growth of 23.2 per cent for the financial year ended September 30, 2007 resulting in a total dividend for the year to $1.26per share.

At the top line, Group Third Party Revenue reported a 21 per cent increase over 2006, crossing the $5B mark to $5.1B. The bottom line, Net profit of the Group was up 102 per cent from $185.1M to $373.2M. Significant growth was evident in the rapidly expanding ‘Finance & Property’, ‘Energy’, and ‘Industrial Gas’ units.

The energy related companies continued their good performance. The Chairman in his statement commented that, $quot; NGC Trinidad and Tobago LNG Limited and NGC NGL Company Limited have continued to generate sound profits after taxes as prices for liquefied natural gas and natural gas liquids remained buoyant.$quot;

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