Dorian LPG improves bottom line by USD 50 million

Gas ship operator Dorian LPG grew its profit by almost USD 50 million in the second quarter of its staggered fiscal year, in which higher rates boosted revenue. The company maintains a positive market outlook for gas transport.

Photo: Dorian LPG / PR

Gas carrier Dorian LPG booked a stronger result for the second quarter of its staggered fiscal year 2019/2020.

The shipping line, with its fleet of very large gas carriers (VLGCs), saw a profit of USD 40.7 million, a considerable improvement on a deficit of USD 8.1 million during the same period in 2018, states the interim report on Thursday.

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