BW LPG's Product Services Reports $60M Net Profit For Q3 2024; Average VAR For The Quarter Stood At $5M
Portfolio Pulse from Benzinga Newsdesk
BW LPG's Product Services reported a net profit of $60 million for Q3 2024, with a gross profit of $71 million driven by unrealized gains and trading profits. The average Value-At-Risk for the quarter was $5 million.
October 10, 2024 | 5:43 am
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BW LPG's Product Services achieved a net profit of $60 million in Q3 2024, with significant contributions from unrealized gains and trading profits. The average VAR was $5 million, indicating a moderate risk level.
The reported net profit of $60 million and gross profit of $71 million, driven by unrealized gains and trading profits, suggest a strong financial performance for BW LPG's Product Services. The average VAR of $5 million indicates a moderate risk level, which is positive for investors. This performance is likely to have a positive short-term impact on BWLP's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100