BW LPG Limited (BWLP,BWLPG.OL), a Singaporean owner and operator of LPG vessels, on Tuesday reported a decline in net profit for the first quarter, reflecting decreased revenue.
For the three-month period, the company posted a net income of $46.088 million, or $0.30 per share, less than $141.923 million, or $1.07 per share, registered for the same period last year.
Profit before tax was $66.767 million as against the prior year's $155.180 million. Operating profit declined to $78.951 million from $157.808 million a year ago.
Revenue from product services was $615.046 million, down from $742.425 million in 2024. Revenue from Shipping stood at $247.026 million, compared with last year's $296.066 million.
For the first quarter, the company has declared a dividend of $0.28 per share.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.