Na­tion­al Pe­tro­le­um Mar­ket­ing Com­pa­ny Ltd made an af­ter tax prof­it of $34.9 mil­lion for the fi­nan­cial year end­ed March 31, 2011.How­ev­er, this was much less than the $64.9 mil­lion prof­it record­ed the pre­vi­ous year which the com­pa­ny at­trib­uted to a pe­ri­od of ad­just­ment fol­low­ing set­tle­ment of wage ne­go­ti­a­tions for the pe­ri­od 2008 to 2011.Chair­man Neil Go­sine said the NP Group had been ably sup­port­ed by its Do­mini­ca branch and its whol­ly owned sub­sidiary, Nat­pet, which "demon­strat­ed sta­bil­i­ty amidst grow­ing com­pe­ti­tion and an un­set­tled glob­al ex­pan­sion".

Go­sine said the com­pa­ny, which re­cent­ly cel­e­brat­ed its 40th an­niver­sary as T&T's lead­ing dis­trib­u­tor and pro­duc­er of pe­tro­le­um prod­ucts, is em­bark­ing on a ma­jor re­brand­ing ex­er­cise this year. An­oth­er ma­jor un­der­tak­ing is trans­form­ing the cus­tomer ser­vice ex­pe­ri­ence by im­prov­ing NP's de­liv­ery process­es and fa­cil­i­ties.Go­sine added: "Ma­jor projects in­clude the ex­pan­sion of the re­tail net­work with the con­struc­tion of 'new to in­dus­try' mul­ti-fu­els ser­vice sta­tu­ibs that will al­so of­fer com­pressed nat­ur­al gas (CNG).

"The ra­tio­nal­i­sa­tion of the ex­ist­ing net­work is on­go­ing and planned up­grades as well as the full roll out of a fran­chise mod­el for our Quik Shoppes are ex­pect­ed to yield im­proved fi­nan­cial per­for­mance, in­creased stor­age ca­pac­i­ty in To­ba­go, ad­di­tion­al fu­elling ca­pa­bil­i­ty at Pi­ar­co and ded­i­cat­ed sup­port of the Liq­uid Fu­els Pipeline Project (LF­PP) at Ca­roni, are just a few of the group's ad­di­tion­al un­der­tak­ings, as we en­gage in the de­vel­op­ment of the lo­cal en­er­gy sec­tor."He said NP is mak­ing strides in­to re­gion­al mar­kets which will yield re­sults in the short term.