Dorian LPG Ltd. Announces Fourth Quarter and Full Fiscal Year 2021 Financial Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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STAMFORD, Conn., Feb. 2, 2021 /PRNewswire/ Dorian LPG Ltd. (NYSE: LPG) (the Company, Dorian LPG, we, and our ), a leading owner and operator of modern very large gas carriers ( VLGCs ), today reported its financial results for the three months ended December 31, 2020.
Key Recent Development
Announced that we will commence a tender offer to purchase up to 7.4 million, or about 14.8%, of our common shares at a price of $13.50 per share.
Highlights for the Third Quarter Fiscal Year 2021
Revenues of $88.5 million and Time Charter Equivalent ( TCE )
(1) rate for our fleet of $42,298 for the three months ended December 31, 2020, compared to revenues of $85.4 million and TCE rate for our fleet of $43,410 for the three months ended December 31, 2019.