Frontline (FRO) Tops Q1 EPS by 3c
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FRO - First Quarter 2017 Results
May 30, 2017 2:31 AM EDTFrontline Ltd. (the "Company" or "Frontline"), today reported unaudited results for the three months ended March 31, 2017:
Highlights of the quarter
Achieved net income attributable to the Company of $27.0 million, or $0.16 per share, for the first quarter of 2017. Achieved net income attributable to the Company adjusted for certain non-cash items of $27.9 million, or $0.16 per share, for the first quarter of 2017. Announces a cash dividend of $0.15 per share for the first quarter of 2017. Acquired two VLCC resales delivering September and October 2017 from DSME, Korea at $77.5 million net per vessel.... More
