ANSA McAL earns TT$454m second quarter profit

ANSA McAL Group Executive Chairman A Norman Sabga, centre, with Deputy Chairman David Sabga, right and CEO Andrew Sabga following Tuesday’s announcement of the group’s unaudited results for the six months ended June 30, at Tatil Building, Port-of-Spain.

(Trinidad Guardian) Noting the recent improvement in the T&T economy, ANSA McAL Group Chairman Norman Sabga said this has bolstered the conglomerate’s strategy of innovation with its new products.

“That strategy is working well. The fact that we are up three per cent locally would indicate to us that things are improving, or that we are getting a larger piece,” he said on Tuesday as the Group announced its unaudited results for the six months ended June 30, at Tatil Building, Port-of-Spain.

Sabga took the opportunity to announce a series of acquisitions the Group is working on.