HAMILTON, Bermuda (AP) _ Frontline Ltd. (FRO) on Friday reported a fourth-quarter loss of $9.2 million, after reporting a profit in the same period a year earlier.
The Hamilton, Bermuda-based company said it had a loss of 5 cents per share. Losses, adjusted for non-recurring gains, were 10 cents per share.
The shipping company posted revenue of $174.9 million in the period. Its adjusted revenue was $100.6 million.
For the year, the company reported profit of $412.9 million, or $2.09 per share. Revenue was reported as $868.1 million.
Frontline shares have increased 16% since the beginning of the year. The stock has decreased 12% in the last 12 months.
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