Brief: BW LPG Q1 EBITDA Down At USD 20.7 Million

BW LPG

16/05/2019 07:09

May 16 (Reuters) - BW LPG Ltd  BWLPG.OL :
    * Q1 EBITDA USD 20.7 MILLION VERSUS USD 25.3 MILLION YEAR
AGO
    * Q1 LOSS AFTER TAX USD 24 MILLION VERSUS LOSS USD 8 MILLION
YEAR
AGO
    * Q1 TCE INCOME USD 60.2 MILLION VERSUS USD 73.3 MILLION
YEAR AGO
    * IN SHORT TERM SEES CONTINUED HIGH US LPG EXPORTS TO
SUPPORT THE
IMPROVING RATES
    * REVISED VIEW ON MIDDLE EASTERN EXPORTS DOWN DUE TO
SANCTIONS ON
IRAN, ALTHOUGH SEES IMPACT TO BE PARTIALLY OFFSET BY REGIONAL
INCREMENTAL VOLUMES AND INCREASED EXPORTS FROM OTHER MAJOR
EXPORTERS
    * EXPECTS INCREASED DEMAND FOR VLGC’S FROM GROWING US
EXPORTS WILL
BE PARTLY OFFSET BY NEWBUILD DELIVERIES

Source text for Eikon:  ID:nObiM19Tca 
Further company coverage:  BWLPG.OL 

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