Brief: BW LPG Says Quarterly Earnings Per Share Was US$1.11

BW LPG

28/02/2020 02:23

Feb 27 (Reuters) - BW LPG Ltd  BWLPG.OL :
    * QUARTERLY FLEET WIDE VLGC FREIGHT RATES AVERAGED US$50,600
PER
DAY, WITH SPOT EARNINGS OF US$56,000 PER DAY
    * TIME CHARTER EQUIVALENT (TCE) INCOME INCREASED TO US$191.6
MILLION IN Q4 2019 (Q4 2018: US$84.6 MILLION)
    * QTRLY EBITDA AMOUNTED TO US$ 154.1 MILLION (Q4 2018:
US$35.7
MILLION) WITH EBITDA MARGIN OF 80.4% (Q4 2018: 42.1%)
    * QTRLY NET PROFIT AFTER TAX OF US$153.8 MILLION (Q4 2018:
LOSS
AFTER TAX OF US$34.1 MILLION)
    * EARNINGS PER SHARE WAS US$1.11 FOR Q4 2019
    * RETURN ON EQUITY WAS 54.9% IN Q4 2019 (Q4 2018: -13.6%)
AND
25.3% FOR FY 2019 (FY 2018: -7.0%)
    * SEE LITTLE POTENTIAL FOR GROWTH IN MIDDLE EASTERN EXPORTS
IN
2020 DUE TO UNCERTAINTIES ON WHETHER OPEC+ PRODUCTION CUTS WILL
BE EXTENDED
    * SEES LIMITED IMPACT FROM COVID-19 OUTBREAK ON LPG FREIGHT
RATES
Q1 2020
    * SEE LITTLE POTENTIAL FOR GROWTH IN MIDDLE EASTERN EXPORTS
IN
2020 DUE TO UNCERTAINTIES ON WHETHER OPEC+ PRODUCTION CUTS WILL
BE EXTENDED

Source text for Eikon:  ID:nObixYwQ2a 
Further company coverage:  BWLPG.OL 

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