Avance Gas generously rewards shareholders in ‘blockbusting’ quarter
Vessel sales and strong earnings propelled company to record first-quarter profit
Oslo-listed Avance Gas reported a record quarter that was driven by sales of three ships, but also strong freight earnings. The company announced a $2.15 per share dividend, of which $0.99 is structured as reduction in par value of the share, and the remaining $1.16 is a regular dividend