RBTT posts profits attributable to shareholders of US$52mn

The RBTT Group posted profits attributable to shareholders of US$52mn for this year through September, up 40% (US$15mn) compared to the same time last year, local daily Trinidad Express quoted parent group RBTT Financial Holdings chairman Peter July as saying According to July, RBTT generated 62% of its operating profit outside Trinidad and Tobago during the January -September period, up from 43% compared to the same period last year with the subsidiaries in the Dutch Caribbean and Jamaica pinpointed as RBTT's major foreign shore profit generators. Home shore profitability was slightly below forecast and earnings from the Eastern Caribbean group also fell short of financial targets for this period, July added. The group has also increased its shareholding in local insurance conglomerate Guardian Holdings Ltd (GHL), upping its stake in GHL by 15.7% through the issue of new stock, July said.