Brief: BW LPG Q2 EBITDA At USD 113 Mln

BW LPG

27/08/2020 07:51

Aug 27 (Reuters) - BW LPG Ltd  BWLPG.OL :
    * ACHIEVED Q2 2020 VLGC FREIGHT RATES OF USD 39,100 PER DAY
WITH A
HIGH FLEETUTILISATION OF 97%
    * Q2 2020 NET PROFIT AFTER TAX OF USD 62 MILLION OR AN
EARNINGS
PER SHARE OF USD0.45
    * DECLARED Q2 2020 CASH DIVIDEND OF USD 0.15 PER SHARE,
BRINGING
TOTAL DIVIDENDSDECLARED FOR H1 2020 TO USD 0.35 PER SHARE
    * IN 2021, A WEAKER OUTLOOK FOR U.S. LPG SUPPLY COUPLED WITH
ARELATIVELY HIGH NUMBER OF NEWBUILD DELIVERIES ARE EXPECTED TO
PUT DOWNWARDPRESSURES ON VESSEL UTILISATION
    * Q2 EBITDA WAS USD 113 MILLION FOR QUARTER AND USD 239
MILLION
FOR H1 2020, REPRESENTING AN EBITDA MARGIN OF APPROXIMATELY 77%

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

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