HAMILTON, Bermuda (AP) _ Frontline Ltd. (FRO) on Thursday reported a second-quarter loss of $26.6 million, after reporting a profit in the same period a year earlier.
The Hamilton, Bermuda-based company said it had a loss of 13 cents per share. Losses, adjusted for non-recurring costs, came to 12 cents per share.
The shipping company posted revenue of $170 million in the period. Its adjusted revenue was $80 million.
Frontline shares have climbed 21% since the beginning of the year. The stock has dropped 10% in the last 12 months.
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