Brief: BW LPG Q3 EBITDA Rises To $92.8 Million

BW LPG

16/11/2022 06:12

Nov 16 (Reuters) - BW LPG Ltd  BWLPG.OL :
    * BW LPG'S FINANCIAL RESULTS FOR Q3 2022
    * ACHIEVED Q3 2022 VLGC FREIGHT RATES OF USD 37,200 PER
CALENDAR
DAY
    * GENERATED Q3 2022 NET PROFIT AFTER TAX OF USD 46.4 MILLION
OR AN
EARNINGS PER SHARE OF USD 0.32
    * REPORTED A Q3 2022 NET PROFIT AFTER TAX OF USD 46.4
MILLION
    * Q3 2022 VLGC FREIGHT RATES AVERAGED USD 37,200 PER
CALENDAR DAY,
OR USD 38,200 PER AVAILABLE DAY WITH 98% COMMERCIAL UTILISATION
    * FOR 2023, COMPANY REMAINS OPTIMISTIC DESPITE GROWING
MACROECONOMIC CONCERNS AND CONTINUED GEOPOLITICAL UNCERTAINTIES
    * WE EXPECT CONTINUED STRONG GROWTH IN FAR EAST IN 2023,
DRIVEN BY
COMPLETION OF CHINESE PDH PLANTS.
    * FOR 2023, COMPANY REMAINS OPTIMISTIC DESPITE GROWING
MACROECONOMIC CONCERNS AND CONTINUED GEOPOLITICAL UNCERTAINTIES.
    * Q3 EBITDA USD  92.8 MILLION VERSUS USD 65.5 MILLION YEAR
AGO
    * Q3 TCE INCOME  USD 130.0  MILLION VERSUS USD 104.8 MILLION
YEAR
AGO

Source text for Eikon:  ID:nObi6BbH0a 
Further company coverage:  BWLPG.OL 
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