Avance Gas Holding ( (AVACF) ) just unveiled an announcement.
Avance Gas Holding reported a net profit of $42.6 million for Q1 2025, significantly down from the previous quarter. The company completed the sale of four MGC newbuilding contracts to Exmar LPG B.V., receiving $96.3 million in total proceeds. Avance Gas distributed $435.7 million to shareholders in Q1 2025, including returns of capital and extraordinary dividends. The company announced a final extraordinary distribution and is proceeding with a voluntary liquidation, with plans to delist from the Oslo Stock Exchange by mid-2025.
More about Avance Gas Holding
Avance Gas Holding operates in the liquefied petroleum gas (LPG) shipping industry, focusing on the transportation of LPG through its fleet of Very Large Gas Carriers (VLGCs) and Mid-Sized Gas Carriers (MGCs). The company has been involved in selling its fleet and returning capital to shareholders as part of a wind-up process.
YTD Price Performance: -25.19%
Average Trading Volume: 40,529
Technical Sentiment Signal: Hold
Current Market Cap: $84.74M
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