Scotiabank Trinidad and Tobago Ltd (Scotiabank) has reported income after taxation of $184 million for the quarter ended 31 January 2019, an increase of $39 million or 27% over the comparative period last year.
A statement by Scotiabank says that the increase over the prior year was driven by growth in the retail and commercial loan portfolios together with a tax credit and lower impairment losses on financial assets. Scotiabank continues to highlight its financial strength with Return on Equity at 18.47% and Return on Assets at 3.06%.
Republic Financial Holdings Limited (RFHL) has announced that the group recorded profit attributable to shareholders of $350.5 million for the quarter ending December 31, 2018.
This represents an increase of $10.5 million or 3.1% over the corresponding period of the previous financial year.
At December 31, 2018, RFHL's total assets stood at $72.5 billion, an increase of 3.6% over the total assets at December, 2017 and 2.9% over September, 2018.
Republic Financial Holdings Limited has recorded a profit attributable to shareholders of $630.5 million for the half-year ended March 31, 2017, an increase of $44.2 million or 7.5% over the corresponding period in 2016.
Total assets stood at $68.9 billion at March 31, 2017, an increase of 1.8% over March, 2016 and 3.0% over September, 2016.
The Group’s Chairman, Mr. Ronald F. deC. Harford, in announcing the Group’s results noted that the half-year results were mainly driven by a reduction in loan impairment expense and taxes in the Group’s subsidiary in Ghana.
Huawei has released its audited financial results for 2016, reporting that its Carrier, Enterprise, and Consumer business groups (BGs) each achieved solid year-on-year growth.
Group annual revenue was CNY521.6 billion (US$75.1 billion), an increase of 32% over 2015.
Net profits were CNY37.1 billion (US$5.3 billion), an increase of 0.4%.
In 2016, Huawei continued to invest in the future, with the company's annual spending on research and development reaching CNY76.4 billion (US$11 billion).
Republic Financial Holdings Limited, the parent company of Republic Bank Limited, has announced more than half a billion dollars in profit attributable to shareholders.
This represents a 2.4% increase over the previous year.
The following is the statement from RFHL: