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Earnings keep sliding for Dorian LPG

Despite progress in the demand for liquefied petroleum gas, US-based gas tanker operator Dorian LPG struggles to reverse its declining earnings.

Photo: PR / Dorian LPG

The demand for liquefied petroleum gas, LPG, is recovering from a dip during the Covid-19 pandemic, and US tanker operator Dorian LPG, which specializes in the transport of LPG, made progress in the second quarter of the year.

It is not enough, however, for the second quarter, which is the first quarter in Dorian's 2022 fiscal year, to measure up against the same quarter of 2020. Dorian realized a revenue of USD 63 million against USD 73.2 million in the same quarter last year. The quarter's net profit came to USD 5.9 million against USD 12.2 million last year.

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