Frontline (FRO) Misses Q4 EPS by 15c, Revenues Miss
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FRO - Fourth Quarter and Full Year 2019 Results
February 27, 2020 1:30 AM ESTFrontline Ltd. (the Company or Frontline), today reported unaudited results for the three months and year ended December 31, 2019:
Highlights
Highest quarterly net income in more than eleven years of $108.8 million, or $0.55 per diluted share for the fourth quarter of 2019, excluding $8.7 million of net cash receipts and accrued profit share in relation to the five charter-in and charter-out agreements with Trafigura that have been treated as a reduction of the acquisition cost of the vessels. Â Net income adjusted for certain non-cash items of $106.9 million, or $0.54 per diluted share for... More