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13 November 2020
BW LPG Financial Results for Q3 2020
(Singapore, 13 November 2020)
Highlights for the Quarter
Achieved Q3 2020 VLGC freight rates of USD 26,800 per day with 94% fleet utilisation.
Generated Q3 2020 net profit after tax of USD 25 million or an earnings per share of USD 0.18.
YTD September 2020 annualised return on equity of 19% with USD 400 million of free cash flow.
Declared Q3 2020 cash dividend of USD 0.15 per share - this translates to a pay-out ratio, as a percentage of NPAT, of 84% in Q3 and 42% YTD.
BW Gemini, the world’s first LPG-powered VLGC, is on a historic transpacific crossing on LPG propulsion to the USA, where she will receive the largest-ever load of LPG on a single keel