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.
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