BW LPG shares rise on 'sound' Q1 earnings beat

BW LPG

30/05/2024 09:00

** BW LPG  BWLPG.OL  shares rise about 9% after the
Oslo-listed liquefied petroleum gas shipper posted profit after
tax of $149.8 million (about EUR 138.7 million) in Q1, up almost
15% y/y
    ** "An impressive update from BW LPG with a sound earnings
beat, dividend per share announced at $1 and sound bookings",
Fearnleys says
    ** Shares are on track for their  biggest single-day rise in
a bit over 24 months 
    ** The company also announced BW Product Services'
multi-year cargo contract with Enterprise, which will
"significantly improve" the combined shipping and cargo trading
flexibility

 

(1 euro = $1.0804)

 (Reporting by Anna Chaberska)
 ((Anna.chaberska@thomsonreuters.com))