Last €1.98 EUR
Change Today -0.216 / -9.84%
Volume 1.7K
As of 9:09 AM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

frontline ltd (FRL) Snapshot

Open
€2.01
Previous Close
€2.20
Day High
€2.08
Day Low
€1.92
52 Week High
01/8/14 - €5.45
52 Week Low
09/26/14 - €0.88
Market Cap
211.4M
Average Volume 10 Days
12.1K
EPS TTM
--
Shares Outstanding
106.8M
EX-Date
05/25/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FRONTLINE LTD (FRL)

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frontline ltd (FRL) Details

Frontline Ltd., through its subsidiaries, is engaged in the ownership and operation of oil tankers and oil/bulk/ore carriers. The company provides seaborne transportation of crude oil and oil products, as well as raw materials, such as coal and iron ore. Its very large crude carriers (VLCCs) primarily transport crude oil from the Middle East Gulf to the Far East, Northern Europe, the Caribbean, and the Louisiana Offshore Oil Port, as well as Suezmax tankers trade in the Atlantic Basin, the Middle East, and Southeast Asia. As of December 31, 2013, the company’s tanker fleet consisted of 33 vessels, including 23 VLCCs and 10 Suezmax tankers. It is also involved in the charter, purchase, and sale of vessels. The company has operations in the Bahamas, Bermuda, the Cayman Islands, India, the Isle of Man, Liberia, Norway, the United Kingdom, and Singapore. Frontline Ltd. was founded in 1948 and is based in Hamilton, Bermuda.

96 Employees
Last Reported Date: 03/21/14
Founded in 1948

frontline ltd (FRL) Top Compensated Officers

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Executives, Board Directors

frontline ltd (FRL) Key Developments

Frontline Ltd. Announces Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2014; Reports Impairment Charges for the Third Quarter Ended September 30, 2014

Frontline Ltd. announced consolidated earnings results for third quarter and nine months ended September 30, 2014. For the quarter, the Company announced a net loss attributable to the company of $59.6 million, equivalent to a loss per share of $0.60, compared with a net loss of $78.2 million for the second quarter, equivalent to a loss per share of $0.81. The company reported a net loss attributable to the company of $14.5 million for the third quarter of 2014, when excluding impairment losses and loss on de-consolidation of the Windsor group of $45.2 million, equivalent to a loss per share of $0.15. Total operating Revenue was $135.619 million compared to $126.494 million a year ago. Net operating loss was $37.529 million compared to $20.668 million a year ago. Net loss from continuing operations was $64.375 million compared to $37.129 million a year ago. Net loss also includes a loss on the consolidation of the Windsor group in the third quarter of $3.6 million. Net income excluding the non-operating items in the third quarter was $22.3 million compared with $30.2 million loss in the second quarter. The increase in the operation in the third quarter compared to the second quarter is mainly due to an increase in TCE rate in the third quarter compared to the second quarter, which led to an increase in result on time charter basis by $17.1 million. The increase in result on time charter basis led to an increase of $7.5 million in cash repayment to Ship Finance and the German KG. For the nine months, the company announced a net loss attributable to the company of $150.0 million, equivalent to a loss per share of $1.55. Net loss attributable to the Company was $48.6 million, when excluding impairment losses and loss on de-consolidation of the Windsor group of $101.4 million, equivalent to a loss per share of $0.50. Total operating Revenue was $424.589 million compared to $373.619 million a year ago. Net operating loss was $97.498 million compared to $120.850 million a year ago. Net loss from continuing operations was $158.533 million compared to $176.069 million a year ago. The company reported impairment charges for the third quarter ended September 30, 2014. For the period, the company reported impairment loss on vessels of $41.531 million compared to $22.400 million a year ago. This loss relates to the VLCCs Front Opalia, Front Commerce, Front Comanche and Ulriken.

Frontline Ltd., Q3 2014 Earnings Call, Nov 25, 2014

Frontline Ltd., Q3 2014 Earnings Call, Nov 25, 2014

Frontline Ltd. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014; Records Impairment Loss on Vessels

Frontline Ltd. announced earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net loss attributable to the company of $78.2 million for the second quarter of 2014, equivalent to a loss per share of $0.81. Net loss attributable to the company was $22.1 million for the second quarter of 2014, when excluding impairment loss of $56.2 million, equivalent to a loss per share of $0.23. Total operating revenues fell to $118.97 million from $121.2 million a year ago. Net loss before tax and non controlling interest was of $78.848 million compared to $120.360 million a year ago. Net loss from continuing operations was of $78.946 million compared to $120.454 million a year ago. Net loss attributable to company was of $78.230 million or $0.81 per basic share compared to $120.277 million or $1.54 per basic share a year ago. Net cash used in operating activities was $0.429 million compared to $17.155 million a year ago. Additions to newbuildings, vessels and equipment was of $42.324 million compared to $0.450 million a year ago. For the six months, the company reported net loss attributable to the company of $90.3 million, equivalent to a loss per share of $0.95. Net loss attributable to the company of $18.4 million, when excluding loss on sale of vessels and impairment loss, equivalent to a loss per share of $0.19. Total operating Revenue was $288.970 million compared to $247.125 million a year ago. Net loss before tax and non controlling interest was of $93.990 million compared to $138.940 million a year ago. Net loss from continuing operations was of $94.158 million compared to $138.940 million a year ago. Net loss attributable to company was of $90.315 million or $0.95 per basic share compared to $139.032 million or $1.79 per basic share a year ago. Net cash provided by operating activities was $20.723 million compared to net cash used in operating activities was of $45.803 million a year ago. Additions to newbuildings, vessels and equipment was of $42.865 million compared to $1.172 million a year ago. The positive development in the tanker market in the third quarter is likely to give an improved operating result (excluding one time gains and losses) in the third quarter of 2014. The company recorded impairment loss on vessels of $81.324 million compared with $56.178 million for the same period last year.

 

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