GBTI Mutual Funds, a subsidiary of the Guyana Bank for Trade and Industry, registered an after-tax profit of $207.5m for the year ended December 31, 2021 after incurring a loss of $92.7m in the previous reporting period.
According to its financial statements published in the April 8, 2022 edition of Stabroek News, GBTI Mutual Fund saw interest income in 2021 of $52.1m compared to $80.4m in 2020. There were however major gains in other areas.
Dividend income almost doubled from $9.1m in 2020 to $17.8m last year. Realized gains went from zero for 2020 to $43.1m in 2021. Unrealized gains went from zero in 2020 to $167.5m in 2021.
