BW LPG Limited - Update on BW LPG’s Product Services Q3 2024 Segment Performance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 10 2024
0mins
Source: Businesswire
Q3 2024 Financial Performance: BW LPG's Product Services reported an estimated gross profit of approximately USD 71 million for Q3 2024, driven by unrealised gains from open cargo contracts and trading activities, resulting in a net profit of around USD 60 million after expenses.
Market Context and Future Outlook: CEO Kristian Sørensen noted that the high accounting profit does not immediately enhance dividend capacity due to its reliance on unrealised positions, emphasizing the company's adaptability in a challenging freight rate environment.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
