Frontline Reports Best First Quarter Results in 12 Years Amid Historically Low Breakeven Rates

Frontline Ltd., yesterday reported unaudited results for the three months ended March 31, 2020. Highlights • Net income of $165.3 million, or $0.84 per diluted share for the first quarter of 2020, excluding $7.1 million of net cash receipts and accrued profit share in relation to the five charter-in and charter-out agreements with Trafigura that …

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