The news came during the UTC’s Annual General Meeting in Port of Spain yesterday.
Chief Executive Officer Nigel Edwards released the company’s profits.
Mr. Edwards also revealed growth in several other areas including the number of unit holders.
Further he cited global financial difficulties and gave reasons for the closure of the Chaconia Fund.
Mr. Edwards said despite the uncertainty in global financial markets the UTC has been able to make sound and prudent decisions, which have served to the benefit of all unit holders.