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Stock impact report

BW LPG Limited: Update on BW LPG’s Product Services Q4 2024 Segment Performance

BW LPG Limited Common Shares (BWLP) 
Company Research Source: Business Wire
SINGAPORE--(BUSINESS WIRE)--BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code: “BWLP”) today provides an update on its Product Services’ (“BW Product Services”) Q4 2024 segment performance.For the quarter ending 31 December 2024, BW Product Services reported an estimated gross profit of approximately USD 14 million. This gross profit primarily stems from a USD 58 million gain from realised trading positions, which was partially offset by an unrealised negative movement of USD 44 million due to the change in mark-to-market value of our open cargo contracts and hedging transactions.After general and administrative expenses and income taxes, BW Product Services reported an estimated net profit of approximately USD 3 million for the quarter. The reported net profit includes accruals for personnel costs which may change subject to board approvals.The average Value-At-Risk (VAR) for the quarter was approximately USD 7 million.BW LPG will release it Show less Read more
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