Frontline (FRO) Misses Q3 EPS by 3c, Revenues Miss
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November 25, 2020 8:21 AM EST
Please find enclosed the presentation of Frontline Ltd.s third quarter 2020 results to be held on the webcast / conference call 25 November, 2020 at 15:00 CET.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
Presentation Q3 2020
Source: Frontline Ltd....
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November 25, 2020 1:29 AM EST
Frontline Ltd. (the Company or Frontline), today reported unaudited results for the three and nine months ended September 30, 2020:Â
Highlights
Net income of $57.1 million, or $0.29 per diluted share for the third quarter of 2020Â Adjusted net income of $56.4 million, or $0.29 per diluted share for the third quarter of 2020Reported total operating revenues of $247.4 million for the third quarter of 2020Reported spot TCEs for VLCCs, Suezmax tankers and LR2 tankers in the third quarter of 2020 were $49,200, $25,100 and $12,800 per day, respectivelyFor the fourth quarter of 2020, we estimate spot TCE on a load-to discharge basis of...
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