BWLLY - BW LPG Limited (BWLLY) Q1 2024 Earnings Call Transcript
2024-05-30 13:42:08 ET
BW LPG Limited (BWLLY)
Q1 2024 Earnings Conference Call
May 30, 2024, 07:00 ET
Company Participants
Lisa Lim - Head, Corporate Communications
Kristian Sorensen - CEO
Samantha Xu - CFO
Kaia Gaarud - Business Development and Analysis
Conference Call Participants
Axel Styrman - Kepler Cheuvreux
Presentation
Operator
Lisa Lim
Welcome to BW LPG's First Quarter 2024 Financial Results Presentation. Bringing you through the presentation today are CEO, Kristian Sorensen and CFO, Samantha Xu. We are pleased to answer questions at the end of the presentation. [Operator Instructions] Before we begin, we wish to highlight the legal disclaimers shown on the current slide. This presentation, held on Zoom, is also recorded. I now turn the call over to Kristian.
Kristian Sorensen
Hi, everyone, and welcome to our 2024 Q1 presentation. Thank you for taking time to join us today as we present our financial results and recent events. It's been a busy period for our company. So let's turn to Slide 4, please.
We delivered another strong quarter with a result of $150 million net profit after tax on the back of a strong time charter equivalent of $61,500 per available day, which includes a positive IFRS adjustment of $26 million. We booked a net gain of $20 million from the sale of the BW Princess, and it was another good quarter by a trading unit's BW Product Services showing a profit of $21 million, where we subsequently returned $30 million to its shareholders in April through the preannounced capital return....
BW LPG Limited (BWLLY) Q1 2024 Earnings Call Transcript