Published on 24 Jan 2024 on GuruFocus.com via Yahoo Finance
Dorian LPG Ltd. Reports Substantial Earnings Growth in Q3 FY2024
Net Income: $100.0 million, a 95.1% increase from the previous year's quarter.Adjusted Net Income: $106.0 million, up from $52.0 million in the same quarter last year.Revenue: Increased by 57.8% to $163.1 million compared to the previous year.TCE Rate: $76,337 per operating day, a 44.7% increase from the prior year's quarter.Fleet Utilization: Decreased slightly to 93.6% from 97.8% in the previous year.Dividends: Cumulative dividend payments now exceed $463 million.Fleet Expansion: Order placed for a new VLGC/AC, reflecting confidence in LPG market fundamentals.
Warning! GuruFocus has detected 9 Warning Signs with RCL.
