Frontline (FRO) Reports In-Line Q1 EPS
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May 31, 2018 8:15 AM EDT
Please find enclosed the presentation of Frontline Ltd.'s preliminary first quarter 2018 results to be held on the webcast / conference call 31 May, 2018 at 15:00 CET. This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
Presentation Q1 2018.pdf
Source: Frontline Management...
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May 31, 2018 2:49 AM EDT
Frontline Ltd. (the "Company" or "Frontline"), today reported unaudited results for the three months ended March 31, 2018:Â Â HighlightsÂ
Reports net loss attributable to the Company and net loss attributable to the Company adjusted for certain non-cash items of $13.6 million, or $0.08 per share.  Three newbuildings were delivered: the VLCC's Front Empire and Front Princess and the LR2 Front Polaris. Achieved spot TCE of $18,000 per day for VLCCs less than 15 years of age, excluding two newbuildings delivered during the quarter.  Extended its loan facility of up to $275.0 million by 12 months to November 2019.
  Robert Hvide... More
