Brief: BW LPG EBITDA At USD 54.8 Mln For Q2

BW LPG

26/08/2021 08:02

Aug 26 (Reuters) - BW LPG Ltd  BWLPG.OL :
    * Q2 EARNINGS PER SHARE 0.16 USD
    * BW LPG'S FINANCIAL RESULTS FOR Q2 2021
    * Q2 NET PROFIT AFTER TAX OF USD 23.1 MILLION
    * ACHIEVED Q2 VLGC FREIGHT RATES OF USD 24,500 PER CALENDAR
DAY,
OR USD 27,500 PER AVAILABLE DAY
    * EBITDA WAS USD 54.8 MILLION FOR Q2 2021, REPRESENTING AN
EBITDA
MARGIN OF 58.3% FOR QUARTER
    * VLGC FREIGHT RATES SHOWED STRONG IMPROVEMENT IN Q2 2021
    * MARKET REMAINS VOLATILE, WITH RATES DECLINING IN JUNE AND
FALLING BELOW CASH BREAKEVEN IN EARLY JULY
    * FOR REST OF 2021, WE EXPECT VLGC FREIGHT RATES TO AVERAGE
ABOVE
CASH BREAKEVEN
    * IN MEDIUM TERM, WE REMAIN OPTIMISTIC FOR 2022, BUT HIGH
NUMBER
OF RECENT NEWBUILD ORDERS HAS INCREASED UNCERTAINTY FOR 2023.
    * FREIGHT RATE VOLATILITY IS EXPECTED TO REMAIN HIGH

Source text for Eikon:  ID:nObi5qrKGa 
Further company coverage:  BWLPG.OL 

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