Frontline (FRO) Reports Q4 Loss Per Share of $0.18/sh

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Go back to Frontline (FRO) Reports Q4 Loss Per Share of $0.18/sh

FRO - Third Quarter and Nine Months 2021 Results

November 29, 2021 1:30 AM EST

Frontline Ltd. (the Company or Frontline), today reported unaudited results for the three and nine months ended September 30, 2021:

Highlights

Net loss of $33.2 million, or $0.17 per basic and diluted share for the third quarter of 2021.Adjusted net loss of $35.9 million, or $0.18 per basic and diluted share for the third quarter of 2021.Reported total operating revenues of $171.8 million for the third quarter of 2021.Reported spot TCEs for VLCCs, Suezmax tankers and LR2 tankers in the third quarter of 2021 were $10,500, $7,900 and $10,700 per day, respectively.For the fourth quarter of... More