Frontline (FRO) Misses Q2 EPS by 8c
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August 22, 2018 8:17 AM EDT
Please find enclosed the presentation of Frontline Ltd.'s  second quarter 2018 results to be held on the webcast / conference call 22 August, 2018 at 15:00 CET.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
Q2 2018 Presentation.pdf
Source: Frontline Management...
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August 22, 2018 2:30 AM EDT
Frontline Ltd. (the "Company" or "Frontline"), today reported unaudited results for the three and six months ended June 30, 2018:
Highlights
Net loss attributable to the Company for the second quarter of 2018 of $22.9 million, or $0.13 per share which, when adjusted for certain non-cash items, was $27.7 million, or $0.16 per share. Spot TCE of $17,000 for ECO VLCCs and $13,200 for VLCCs less than 15 years in the second quarter. Spot TCE of $21,700 booked for 82% of vessel days on VLCCs less than 15 years in the third quarter. Terminated three long-term charters with Ship Finance. Positioning...
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