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Ladies and gentlemen, thank you for standing by. And welcome to the StealthGas First Quarter 2012 Results Conference Call. At this time, all participants are in a listen-only mode. There will be a presentation followed by question-and-answer session. (Operator Instructions)
I must advise you the conference is being recorded today on Wednesday the 23 of May, 2012. And I would now like to hand over to your speaker today, Mr. Harry Vafias, [CFO]. Please go ahead, sir.
Thank you and good morning, everyone. Welcome to our conference call and webcast to discuss the results for the first quarter of 2012. I’m Harry Vafias, the CEO of StealthGas, and I would like to remind you that we will be discussing forward-looking statements in today’s call and presentation. And regarding the Safe Harbor language, I would like you to refer to slide number one of this presentation as well to our press release on our first quarter results.
With me today is Mr. Sistovaris, our CFO, and if you need any further information on the conference call or the presentation, please contact to Konstantinos or myself.
Before I start with the slides I would like to comment on the results we released yesterday. These are the best results we had over the last 24 months. Our bottom line income of $0.36 a share or $0.25 a share, excluding the gain on the vessel sale and hedging showed a significant improvement in the LPG market filtering down to our earnings.