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Dorian LPG more than doubles its revenue

Dorian LPG noted a 137.7 percent increase in revenue in the third quarter, ended December 31 of 2014, compared to the same period 2013. 16 new VLGCs will be delivered over the next 12 months.

Ship owned by Avance Gas, a competitor to Dorian LPG. | Photo: Avance Gas

Business is right on track for one of the new big players in the segment for VLGCs (very large gas carriers) - London based Dorian LPG, listed on the New York stock exchange. For the third quarter of the fiscal year 2015, ending December 31 of 2014, the company notes a revenue of USD 32.6 million, which is an increase of 137.7 percent compared to the same period in 2013, with a revenue of USD 13.7 million, according to the annual report.

Net earnings landed at USD 8.9 million compared to USD 5.6 million for the same period in 2013.

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