Republic Financial Holdings Limited Announces Unaudited Consolidated Earnings Results for the Quarter Ended December 31, 2017
January 25, 2018 at 02:15 pm
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Republic Financial Holdings Limited announced unaudited consolidated earnings results for the quarter ended December 31, 2017. For the quarter, the company reported net interest income of TTD 832,368,000 against TTD 806,212,000 a year ago. Operating income was TTD 1,226,831,000 against TTD 1,193,982,000 a year ago. Operating profit was TTD 562,883,000 against TTD 497,751,000 a year ago. Profit before tax was TTD 508,378,000 against TTD 470,334,000 a year ago. Net profit after taxation was TTD 361,774,000 against TTD 343,226,000 a year ago. Net profit after taxation attributable to equity holders of the parent was TTD 339,996,000 against TTD 329,748,000 a year ago. Basic and diluted earnings per share were TTD 2.10 against TTD 2.04 a year ago. Cash used in operating activities was TTD 156,550,000 against cash generated of TTD 1,374,045,000 a year ago. Addition to fixed assets was TTD 95,289,000 against TTD 131,977,000 a year ago.
Republic Financial Holdings Limited is a Trinidad and Tobago-based financial holding company. The Company and its subsidiaries are engaged in a range of banking, financial and related activities mainly in the Caribbean Community (CARICOM) region, Cayman Islands, Ghana, St. Maarten, Anguilla, and the British Virgin Islands. The Company operates through two main business segments: retail and commercial banking, and other financial services. Its geographical segments Include Trinidad & Tobago, Barbados, Suriname, Eastern Caribbean, Guyana, Ghana, Cayman Islands, and British Virgin Islands. The Company's subsidiaries include Republic Bank (Barbados) Limited, Republic Bank Trinidad and Tobago (Barbados) Limited, Republic Bank (BVI) Limited, Republic Bank (Cayman) Limited, Republic Insurance Company (Cayman) Limited, Cayman National Corporation, Republic Bank (Ghana) Plc, Republic Bank (Guyana) Limited, and Republic Bank (Grenada) Limited.