Trinidad and Tobago

Republic records net profit of $1.25 billion

Republic Financial Holdings Limited (RFHL) has recorded a net profit attributable to shareholders of $1.25 billion for the year ended September 30, 2017, RFHL said in a statement.

This represents an increase of $69 million (5.8%) over the core profit of $1.18 billion reported for the prior year. 

Compared with the actual reported profit of $946 million for 2016, which was negatively impacted by three significant one-off items, totalling $237 million, the increase is $306 million (32.3%).

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