Dorian LPG Ltd., a leading owner and operator of modern very large gas carriers ("VLGCs"), today reported its financial results for the three months ended September 30, 2015.
Highlights – Second Quarter 2016
Revenues of $74.9 million
Net Income of $41.2 million; Earnings Per Share of $0.72
Adjusted EBITDA of $57.7 million*
Took delivery of five vessels under ECO-design VLGC newbuilding program, the Continental, the Constitution, the Commodore, the Cresques, and the Constellation
Repurchased 352,100 shares of common stock for $4.3 million
To date, hedged interest rate risk on $464.3 million of debt under new facility in both bullet and amortizing structures