Frontline (FRO) Misses Q2 EPS by 6c

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Go back to Frontline (FRO) Misses Q2 EPS by 6c

FRO - Second Quarter and Six Months 2015 Results

August 26, 2015 2:47 AM EDT

HAMILTON, Bermuda, Aug. 26, 2015 (GLOBE NEWSWIRE) --

Highlights

Frontline reports net income attributable to the Company of $17.4 million for the second quarter of 2015, equivalent to earnings per share of $0.11. Frontline reports net income attributable to the Company of $48.5 million for the six months ended June 30, 2015, equivalent to earnings per share of $0.35.  The Company issued 18.8 million new shares in the second quarter under its ATM program and this program is fully utilized. In April 2015, the remaining outstanding balance on the convertible bond of $93.4 million was repaid in full upon... More