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The National Gas Company of TT has recorded $1.6 billion in profits in its financial year ending December 31, 2024.

The financial results represent a massive turnaround in the financial results after reporting a $1.3 billion loss for the same period in 2023, owing to impairment charges on Phoenix Park Gas Processors Limited (PPGPL).

The company indicated in its consolidated financial statement that revenue from contracts with customers amounted to $22.4 billion, as compared to $19.07 billion for the same period in 2023.