Dorian LPG's TCE Rate/Operating Day Was $72,202 For Q1 FY24, Up 6.0% Y/Y, Vessel Operating Expenses Per Day Increased To $10,699 From $10,528 In Q1 FY23
Portfolio Pulse from Benzinga Newsdesk
Dorian LPG reported a Time Charter Equivalent (TCE) rate of $72,202 per operating day for Q1 FY24, marking a 6.0% year-over-year increase. However, vessel operating expenses per day also rose to $10,699 from $10,528 in Q1 FY23.
May 22, 2024 | 10:13 am
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Dorian LPG's TCE rate increased by 6.0% year-over-year to $72,202 for Q1 FY24, indicating improved revenue generation. However, vessel operating expenses also rose, which could impact profitability.
The increase in TCE rate suggests higher revenue generation, which is positive for the stock. However, the rise in operating expenses could offset some of these gains, making the overall impact moderately positive.
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IMPORTANCE 80
RELEVANCE 100