Nunatsiavut Group of Companies Report Successful 2022
Trust Releases Annual Report to Nunatsiavut Assembly
The Labrador Inuit Capital Strategy Trust reported on a profitable 2022 by the Nunatsiavut Group of Companies at its annual presentation to the Nunatsiavut Assembly on September 20. The surplus from NGC totalled just over $8-million for the year. Trust Chair Garry Best, Paul Janes of the Trust’s accounting firm, Deloitte, NGC CEO Chris Webb, and COO Sarah Leo attended the meeting.
Garry Best told the Assembly that Trustees and NGC have responded positively to previous concerns expressed in the Assembly, including medical housing, which he called “real needs.”
“We have made significant investments [in construction],” he told the Assembly. With respect to shore-based marine services, he pointed to purchases of containers and various pieces of equipment “that will assist in cargo delivery.”
The LICST Annual Report for 2022, which details all of the activities of NGC, as well as full financial statements, will soon be available online on the NGC website at ngc-ng.ca.
