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Stock impact report

FRO - Fourth Quarter and Full Year 2018 Results

Frontline Plc Ordinary Shares (FRO) 
Last frontline plc ordinary shares earnings: 2/27 01:30 am Check Earnings Report
US:NYSE Investor Relations: frontline.bm/page/7/investor_relations
Company Research Source: GlobeNewswire
Frontline Ltd. (the "Company" or "Frontline"), today reported unaudited results for the three months and year ended December 31, 2018: Highlights Net income attributable to the Company was $25.4 million, or $0.15 per share, for the fourth quarter of 2018. Net income attributable to the Company was $26.3 million, or $0.15 per share adjusted for certain non-cash items for the fourth quarter of 2018. Reported spot average daily time charter equivalent ("TCE") was $28,400 for VLCCs in the fourth quarter, impacted significantly by a high number of ballast days towards the end of the quarter, deferring revenue recognition into the first quarter of 2019.[1] Reported spot TCE for Suezmax tankers and LR2/Aframax tankers were $26,100 and $18,700, respectively. Spot TCE of $41,300 contracted for 84% of vessel days for VLCCs, spot TCE of $33,300 contracted for 77% of vessel days for Suezmax tankers and spot TCE of $26,100 contracted for 73% of vessel days for LR2/Aframax tankers, e Show less Read more
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