Credit Suisse Upgrades Frontline Ltd. (FRO) to Neutral

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Go back to Credit Suisse Upgrades Frontline Ltd. (FRO) to Neutral

FRO - Third Quarter and Nine Months 2015 Results

November 24, 2015 2:44 AM EST

HAMILTON, Bermuda, Nov. 24, 2015 (GLOBE NEWSWIRE) -- Frontline Ltd. (the "Company" or "Frontline"), today reported unaudited results for the period ended September 30, 2015.

 

Highlights

Frontline achieved net income attributable to the Company of $17.4 million, or $0.09 per share, for the third quarter of 2015 and net income attributable to the Company of $65.9 million, or $0.42 per share, for the nine months ended September 30, 2015. The long-term charters for the 1995-built Suezmax tankers, Front Glory and Front Splendour, were terminated in September and October, respectively. The Company received compensation payments of $2.2 million and... More