Brief: BW LPG Q3 EBITDA At $65.5 Mln

BW LPG

16/11/2021 05:52

Nov 16 (Reuters) - BW LPG Ltd  BWLPG.OL :
    * Q3 NET PROFIT AFTER TAX 29.3 MILLION USD
    * Q3 EARNINGS PER SHARE 0.20 USD
    * DECLARED Q3 CASH DIVIDEND OF USD 0.10 PER SHARE AMOUNTING
TO USD
13.8 MILLION
    * Q3 EBITDA WAS USD 65.5 MILLION FOR Q3 2021, REPRESENTING
AN
EBITDA MARGIN OF 62.5% FOR QUARTER
    * EXPECTS VLGC FREIGHT RATE TO AVERAGE ABOVE CASH BREAKEVEN.
    * RISING US DOMESTIC CONSUMPTIONS IN WINTER, CURRENT LOW US
INVENTORY WILL LIKELY KEEP US LPG PRICES ELEVATED
    * OUTLOOK:  IN THE LONGER TERM, THE HEAVY NEWBUILDING
DELIVERY
SCHEDULE FOR 2023 HAS CREATED  MARKET UNCERTAINTY
    * Q3 EBITDA $65.5 MILLION VERSUS $67.3 MILLION YEAR AGO
    * OUTLOOK: HOWEVER, THE MARKET COULD BE SUPPORTED BY PANAMA
CANAL 
INEFFICIENCIES AND THE EXPECTED REDUCTION IN THE SPEED OF THE
GLOBAL FLEET TO  COMPLY WITH THE IMO ENERGY EFFICIENCY INDEX
    * Q3 TCE INCOME $104.8 MILLION VERSUS $101.5 MILLION YEAR
AGO

Source text for Eikon:  ID:nObiV27Kda 
Further company coverage:  BWLPG.OL 

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