Business News

Trans Wonderland Limited Announces Profit for 2015

This Christmas will be a little brighter for shareholders of Trans Wonderland Limited.

Despite tough economic conditions, landowner consortium in Trans Wonderland Limited has announced a profit of just over K4 Million, for the financial year 2015.

This has translated into a dividend payment of more than K800,000 for its shareholders – landowners along the PNGLNG corridor.

According to TWL Managing Director, Lary Andagali, with a decline in business activities following the completion of construction of the PNGLNG Project, the company had undergone a cost-cutting exercise to remain competitive.

This has resulted in positive results, with TWL being granted extensions to its contracts with ExxonMobil,and Oil Search, for services within the logistics realm.

He is, however, cautious of the results for 2016, particularly given the continuous downturn in the overall economy.

Related posts

Lucas Matia, a lone taxi driver doing it tough in Port Moresby

EMTV Online

Provincial, District Offices yet to Submit Acquittals

EMTV Online

PM MARAPE REAFFIRMS PNG’S RELATIONSHIP WITH CHINA

Thomas Huliambari

Leave a Comment

error: Content is protected !!