Dorian LPG gains on upbeat Q3 results

Dorian LPG

01/02/2023 14:09

** Shares of LPG shipping company Dorian LPG Ltd  LPG.N  up
4% at $20.65 premarket
    ** Co's adj. EPS of $1.29/shr beats analysts' expectations
of 84 cents/shr; Q3 revenue also tops estimates - Refinitiv data
    ** Net income more than triples to $51.3 mln vs last year,
helped by increase in average time charter equivalent (TCE)
rates  urn:newsml:reuters.com:*:nPn8PFwRPa
    ** Q3 revenue rises over 50% to $103.3 mln from last year 
    ** Co's TCE increases 57.5% to $52,768 for three months
ended Dec. 31
    ** Co also declares an irregular cash dividend of $1.00/shr
    ** LPG shares gained ~110% in 2022
 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))