BW LPG Q1 Earnings Rise, Revenue Falls

MT Newswires Live06-02 15:37

BW LPG (BWLP) reported Q1 earnings Tuesday of $1.08 per diluted share, up from $0.30 a year earlier.

Revenue for shipping and product services for the quarter ended March 31 was $838.9 million, compared with $862.1 million a year earlier.

The company also increased its quarterly cash dividend to $0.67 per share from $0.57 in the previous quarter. The increased dividend is payable June 23 to shareholders of record as of June 12.

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