Brief: BW LPG Q4 EBITDA Falls To $78.8 Million

BW LPG

01/03/2022 07:50

March 1 (Reuters) - BW LPG Ltd  BWLPG.OL :
    * GEOPOLITICAL UNCERTAINTY CLOUDS 2022 VLGC MARKET
    * Q4 NET PROFIT AFTER TAX OF USD 62.9 MILLION
    * Q4 NEAR TERM RATE VOLATILITY COULD BE TRIGGERED BY FACTORS
SUCH
AS BUNKER PRICE SHOCKS, CHANGING TRADING PATTERNS, UNEXPECTED
LPG INVENTORY MANAGEMENT AND CHANGES TO SHIPPING INEFFICIENCIES
    * Q4 VLGC FREIGHT RATES OF USD 31,000 PER CALENDAR DAY, OR
USD
32,400 PER AVAILABLE DAY WITH 97% COMMERCIAL UTILISATION
    * FOR 2023 ONWARDS, DESPITE UNCERTAINTIES FROM HEAVY
NEWBUILDING
DELIVERY SCHEDULE AND IMPLEMENTATION OF IMO EEXI REGULATIONS, WE
REMAIN CONFIDENT ON LONG-TERM VLGC MARKET AS LPG REMAINS A
VIABLE TRANSITION FUEL TOWARDS DECARBONISATION AND USE OF
CLEANER ENERGY
    * BOARD HAS DECLARED A Q4 2021 CASH DIVIDEND OF USD 0.18 PER
SHARE
AMOUNTING TO USD 25 MILLION
    * Q4 EBITDA $78.8 MILLION VERSUS $107.2 MILLION YEAR AGO
    * Q4 TCE INCOME $116.7 MILLION VERSUS $137.9 MILLION YEAR
AGO

Source text for Eikon:  ID:nObigc2k4a 
Further company coverage:  BWLPG.OL 

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