Frontline Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 24, 2020 at 08:00 pm EST
Frontline Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 247.410 million compared to USD 187.640 million a year ago. Operating income was USD 70.957 million compared to USD 12.115 million a year ago. Net income was USD 57.068 million compared to net loss of USD 9.962 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to basic loss per share from continuing operations of USD 0.29 a year ago. For the nine months, sales was USD 1,046.314 million compared to USD 619.323 million a year ago. Operating income was USD 504.933 million compared to USD 107.878 million a year ago. Net income was USD 422.061 million compared to USD 31.151 million a year ago. Basic earnings per share from continuing operations was USD 2.17 compared to USD 0.18 a year ago. Diluted earnings per share from continuing operations was USD 2.13 compared to USD 0.18 a year ago.