Trinidad Cement Limited
Annual Report 2012
40
The Year in Review
Group CEO’s Report and Management Discussion 2012 (continued)
maintenance is expected to be completed in the first six months of 2013, in a still
‘tight’ but manageable cash flow environment.
Rebuilding staff morale and refocusing on the tasks ahead remain paramount.
Already, the Group has reported a Net Profit after Tax of $14.2 million for the first
quarter of 2013, honoured its two scheduled loan repayments in December 2012
and March 2013 respectively and successfully attained the critical loan covenant
measurements.
The year 2013 reflects the recommencement of our journey to profitability.
10.0 ACKNOWLEDGEMENTS
My sincerest appreciation is extended to our valued shareholders and other
stakeholders for their understanding, confidence and support during these difficult
times. My gratitude also, to the committed, hardworking and loyal employees of the
TCL Group who have embraced the Group’s philosophy and vision and continue to
press on in spite of the many challenges. Finally, I wish to thank the Group Chairman
and members of the Board of Directors for their wise counsel and on-going support.
Dr. Rollin Bertrand
Group Chief Executive Officer
