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REPORT OF THE DIRECTORS The Directors have pleasure in presenting their Report to the Members together with the Audited Financial Statements for the year ended 31 December 2018. (Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated).RESULTS FOR THE YEAR 2018$ $ Total Comprehensive Loss for the Year <2,904> Deduct:Dividend Paid:PREFERENCE - Final 2017 - 4% 58 Interim 2018 - 4% 59 ORDINARY - Final 2017 - 50 cents per share 19,950 Interim 2018 - 10 cents per share 3,990 <24,057>Other Transfers and Movements <439> Defcit for the year < 27,400> Retained Earnings and Other Reserves brought forward 252,290 Retained Earnings and Other Reserves at 31 December 2018 224,890 DIVIDENDSAn Interim Dividend of 4% was paid to participating Preference Shareholders and 10 cents was paid to Ordinary Shareholders in November 2018. DIRECTORSIn accordance with By-Law No. 1, paragraph 4.3.2, Mr. Conrad Sabga, Ms. Sharon Christopher and Professor Brian Copeland retire from the board and being eligible, ofer themselves for re-election.AUDITORSErnst & Young have expressed their willingness to continue in ofce. BY ORDER OF THE BOARDHema Ramdass-Chatoor Company Secretary19th March 2019CORPORATE REPORT 19