TTNGL reports $190 million profit

Brooks said this underscored the continuing success of TTNGL and represents a 235 percent improvement over the corresponding period in 2015, when $80.8 million was recorded.

This major improvement in performance was driven by higher other comprehensive income arising from translation differences to the presentation currency.

Brooks said this contributed $118 million to total comprehensive income, compared to a loss of $6.5 million in last year. Brooks noted that Phoenix Park Gas Processors Limited (PPGPL), which is the underlying asset of TTNGL, continues to be impacted by lower NGL product prices in 2016.