Frontline (FRO) Tops Q4 EPS by 22c
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FRO - Fourth Quarter and Full Year 2018 Results
February 28, 2019 2:01 AM ESTFrontline Ltd. (the "Company" or "Frontline"), today reported unaudited results for the three months and year ended December 31, 2018:
Highlights
Net income attributable to the Company was $25.4 million, or $0.15 per share, for the fourth quarter of 2018. Net income attributable to the Company was $26.3 million, or $0.15 per share adjusted for certain non-cash items for the fourth quarter of 2018. Reported spot average daily time charter equivalent ("TCE") was $28,400 for VLCCs in the fourth quarter, impacted significantly by a high number of ballast days towards the end of the quarter, deferring revenue... More