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TSTT posts $.5 billion loss

1 Mins read

The Trinidad Express reports on TSTT’s very red 2013 balance sheet. From the story…

β€œThe higher gross revenues and lower operating costs were eclipsed, though not unexpectedly, by provisions made for TSTT’s Voluntary Separation Programme; retroactive payments from an Industrial Court ruling on employee costs for 2006 and 2007 and a write-down of the carrying value of a portion of the company’s service delivery platform,” TSTT said.

Read more here.

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