Brief: BW LPG Q4 Net Profit After Tax At $77 Mln

BW LPG

01/03/2021 07:19

March 1 (Reuters) - BW LPG Ltd  BWLPG.OL :
    * Q4 NET PROFIT AFTER TAX 77 MILLION USD
    * GENERATED Q4 2020 NET PROFIT AFTER TAX OF USD 77 MILLION OR AN EARNINGS PER SHARE OF USD
0.55
    * DECLARED Q4 2020 CASH DIVIDEND OF USD 0.34 PER SHARE BRINGING TOTAL DIVIDENDS DECLARED FOR
2020
TO USD 0.84 PER SHARE
    * TIME CHARTER EQUIVALENT (TCE) INCOME AMOUNTED TO USD 138 MILLION IN Q4 2020 AND USD 551
MILLION
IN FY 2020
    * BOARD HAS DECLARED A Q4 2020 CASH DIVIDEND OF USD 0.34 PER SHARE AMOUNTING TO USD 47
MILLION
    * Q4 EBITDA WAS USD 107 MILLION
    * VLGC FREIGHT RATES CAME DOWN SIGNIFICANTLY IN LATE JANUARY, AND WE EXPECT MARKET TO BE
UNDER
PRESSURE IN Q2 2021
    * DESPITE RECENT CORRECTION IN VLGC FREIGHT RATES, WE CONTINUE TO HOLD A POSITIVE OUTLOOK
FOR
MEDIUM TERM VLGC MARKET

Source text for Eikon:  ID:nObigyyg5a 
Further company coverage:  BWLPG.OL 

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