SINGAPORE, Nov 22 (Bernama-GLOBE NEWSWIRE) —
• Highest ever quarterly net profit of US$117 million
• Fleet wide VLGC TCE freight rates averaged US$48,100 per day
• TCE income of US$185 million, EBITDA of US$149 million with an EBITDA margin of 80.9%, generating a net profit after tax of US$117 million or US$0.83 per share
• Current dividend policy amended from a semi-annual to a quarterly dividend payout
• Declared Q3 2019 cash dividend of US$0.33 per share, bringing the YTD 2019 cash dividend to US$0.43 per share
In the third quarter, BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) achieved the highest ever quarterly net profit of US$117 million, underpinned by outstanding commercial performance and a strong VLGC freight market.
