Frontline (FRO) Tops Q3 EPS by 6c

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FRO - Third Quarter and Nine Months 2016 Results

November 29, 2016 2:35 AM EST

Hamilton, Bermuda, Nov. 29, 2016 (GLOBE NEWSWIRE) -- Frontline Ltd. (the "Company" or "Frontline"), today reported unaudited results for the three and nine months ended September 30, 2016:

Highlights

Achieved net income attributable to the Company of $5.5 million, or $0.03 per share, for the third quarter of 2016 and $98.7 million, or $0.63 per share, for the nine months ended September 30, 2016. Achieved net income attributable to the Company adjusted for certain non-cash charges of $16.6 million, or $0.11 per share, for the third quarter of 2016 and $154.7 million, or $0.99 per share, for the nine months ended September 30, 2016.  ... More