Brief: BW LPG Q3 Net Profit At $117 Million

BW LPG

21/11/2019 07:15

Nov 21 (Reuters) - BW LPG Ltd  BWLPG.OL :
    * HIGHEST EVER QUARTERLY NET PROFIT OF US$117 MILLION IN Q3
    * DECLARED Q3 2019 CASH DIVIDEND OF US$0.33 PER SHARE,
BRINGING
YTD 2019 CASH DIVIDEND TO US$0.43 PER SHARE
    * Q3 TCE INCOME OF US$185 MILLION
    * AMENDED CURRENT DIVIDEND POLICY FROM A SEMI-ANNUAL TO A
QUARTERLY DIVIDEND PAYOUT
    * VLGC FREIGHT RATES MAINLY SUPPORTED BY OVERALL STRONG US
LPG
EXPORTS AND HIGH GEOGRAPHICAL LPG PRICE SPREADS
    * EXPANSION OF ENTERPRISE EXPORT TERMINAL IS EXPECTED TO
EASE US
GULF COAST EXPORT TERMINAL CAPACITY
    * EXPECTATION IS THAT TON-MILE DEMAND FOR VLGCS WILL
INCREASE,
GIVING A POSITIVE FREIGHT OUTLOOK FOR REMAINDER OF 2019 AND
2020.

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

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