Evercore ISI Upgrades Frontline Ltd. (FRO) to Hold
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FRO - First Quarter 2015 Results
May 29, 2015 2:36 AM EDTHAMILTON, Bermuda, May 29, 2015 (GLOBE NEWSWIRE) --
Highlights
Frontline reports net income attributable to the Company of $31.1 million for the first quarter of 2015, equivalent to earnings per share of $0.25. Today, Frontline announced that it has entered into a heads of agreement to amend the terms of the long term charter agreements with Ship Finance for the remainder of the charter period with effect from July 1, 2015. In January 2015, the ATM program was increased to having aggregate sales proceeds of up to $150.0 million, from up to $100.0 million. Frontline issued... More