Brief: BW LPG Q1 TCE Income Down At $186.5 Mln

BW LPG

30/05/2024 06:31

May 30 (Reuters) - BW LPG Ltd  BWLPG.OL :
    * Q1 VLGC FREIGHT RATES $ 61,500 PER CALENDAR DAY VERSUS
$58,700
PER CALENDAR DAY YEAR AGO
    * Q1 TCE INCOME $186.5 MILLION VERSUS $200.3 MILLION YEAR
AGO
    * MARKET OUTLOOK: FUTURES MARKET REFLECTS CONTINUED STRENGTH
IN
SPOT EARNINGS, TRADING IN LOW TO MID $60,000S/DAY FOR REMAINDER
OF 2024
    * NET LEVERAGE RATIO WAS AT AN ALL-TIME LOW AT 7% IN Q1 WITH
AVAILABLE LIQUIDITY AT USD 661 MILLION AT END OF QUARTER
    * DECLARED CASH DIVIDEND OF USD 1.00 PER SHARE, TOTAL
DIVIDEND OF
USD 132 MILLION

Source text for Eikon:  ID:nObiKFSx0a 
Further company coverage:  BWLPG.OL 

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