BW LPG LIMITED 18 April 2024 BW LPG Limited ("BW LPG ", the "Company", OSE ticker code: "BWLPG.OL") today provides an update on its Product Services' ("BW Product Services") Q1 2024 segment performance. For the quarter ended31 March 2024 , BW Product Services reported an estimated gross profit of approximatelyUSD 32 million . Gross profit represents the realised trading profit plus net derivative gains and losses from open cargo contracts and hedging transactions. After general and administrative expenses and income taxes, BW Product Services made an estimated net profit of approximatelyUSD 20 million for the quarter. The average Value-At-Risk (VAR) for the quarter was approximatelyUSD 5 million .BW LPG will release its Q1 2024 financial report on30 May 2024 . For further information, please contact:Kristian Sørensen Chief Executive Officer E-mail: kristian.sorensen@bwlpg.comSamantha Xu Chief Financial Officer E-mail: samantha.xu@bwlpg.com AboutBW LPG BW LPG is the world's leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping, experienced employees and an in-house LPG trading division,BW LPG offers an integrated, flexible, and reliable service to customers. More information aboutBW LPG can be found at www.bwlpg.com.BW LPG is associated withBW Group , a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. Founded in 1955 by SirYK Pao , BW controls a fleet of over 490 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, biofuels and water treatment.
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