Brief: BW LPG Q2 EBITDA Up At $74.6 Mln

BW LPG

29/08/2019 07:18

Aug 29 (Reuters) - BW LPG Ltd  BWLPG.OL :
    * Q2 TCE INCOME $110.8  MILLION VERSUS $61.2 MILLION YEAR
AGO
    * Q2 EBITDA $74.6  MILLION VERSUS $8.1 MILLION YEAR AGO
    * Q2 PROFIT AFTER TAX $26.5  MILLION VERSUS LOSS $27.1
MILLION
YEAR AGO
    * HAVE A POSITIVE FREIGHT OUTLOOK FOR 2H 2019 AND 2020
    * IN LONGER TERM, WE MAINTAIN OUR VIEW THAT SUSTAINED U.S.
LPG
PRODUCTION GROWTH AND NO FURTHER NEWBUILD ORDERS REMAIN KEY TO A
BALANCED VLGC MARKET
    * WE MAINTAIN OUR DOWNWARD VIEW ON MIDDLE EASTERN EXPORTS
DUE TO
THE IMPOSED SANCTIONS ON IRAN AND EXTENSION OF OPEC+ PRODUCTION
CUTS

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

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