The State Enterprises Sector comprises 52 companies of which 40 are wholly owned, eight are majority owned and four of which the Government of the Republic of Trinidad and Tobago (GORTT) has a minority shareholding. A complete list of the State Enterprises is at Appendix I.
These entities operate in the energy and energy based, financial services, manufacturing and agro-based, services and transport and communication industries.
In 2022, GORTT’s equity holding in the State Enterprises Sector totaled $15,598.11 million with a Return on Capital Employed (ROCE) of 13.0 percent.
The overall performance of the State Enterprises Sector in 2022 was positive. Profit After Tax increased by 48 percent, from $3,867.1 million in 2021 to $5,735.4 million in 2022. Despite losses in the Transport and Communication sector, the Energy and Energy Based sector and Financial Services sector continued their improved performance, both recording increases in profits in 2022. There were recoveries in the Manufacturing and Agro-Based and Services sectors, which both realized profits in 2022 following losses in 2021. Table 1 and Figure 1 refer