John C. Hadjipateras
Stamford, Conn., headquartered Dorian LPGLtd (NYSE: LPG) a leading proprietor and also driver of contemporary huge gas service providers (VLGCs), reported monetary outcomes for the 3 months finished June 30, 2019 that consisted of take-home pay of $6.1 million, or $0.11 per share, for the 3 months finished June 30, 2019, contrasted to a bottom line of $20.6 million, or $( 0.38) per share, for the very same quarter in 2015.
John C. Hadjipateras, Chairman, President and also Chief Executive Officer of the firm, commented, “Our EBITDA is up over sevenfold from last year’s quarter, and our realized TCE nearly doubled compared to the same time period last year. Since the majority of the voyages booked during the quarter are typically performed in the following quarter, we expect the current quarter’s results to show an even greater improvement, assuming no significant market change during the quarter. On the back of the strong market, our board authorized a $50 million stock repurchase program, underscoring our commitment to a sensible capital allocation program. We believe that positive market fundamentals and the continued success of our people to contain costs and optimize operating efficiencies will enable us to generate good returns to our shareholders.”
