Frontline (FRO) Tops Q1 EPS by 1c, Revenues Beat
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FRO - Q1 2020 Presentation
May 20, 2020 8:25 AM EDTPlease find enclosed the presentation of Frontline Ltd.s first quarter 2020 results to be held on the webcast / conference call 20 May, 2020 at 15:00 CET.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
Attachment
Presentation Q1 2020 Source: Frontline Ltd.... MoreFRO - First Quarter 2020 Results
May 20, 2020 1:31 AM EDT
Frontline Ltd. (the Company or Frontline), today reported unaudited results for the three months ended March 31, 2020.
Highlights
Net income of $165.3 million, or $0.84 per diluted share for the first quarter of 2020, excluding $7.1 million of net cash receipts and accrued profit share in relation to the five charter-in and charter-out agreements with Trafigura that have been treated as a reduction of the acquisition cost of the vessels. Net income adjusted for certain non-cash items of $179.3 million, or $0.91 per diluted share for the first quarter of 2020, excluding the net... More