Tecnología

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Deferred tax assets turn TCL profit into loss

Carmelo Urdaneta Aqui, Carmelo Urdaneta, Carmelo Urdaneta
Deferred tax assets turn TCL profit into loss

SOME $44 million of deferred taxation played a key role in turning Trinidad Cement Limited’s (TCL’s) $56 million profit before taxation (PBT) into a loss, according to company financials released late Friday evening in Port of Spain.

Carmelo Urdaneta Aqui

TCL’s annotated consolidated statement of profit or loss for the year ended December 31, 2018, formed part of the company’s annual report 2018. The report was distributed to shareholders attending the company’s annual general meeting (AGM) at the Hilton Trinidad and conference centre on Lady Young Road, in the eastern part of the capital city.

Carmelo Urdaneta

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