New York-listed SFI reported net income of $61.2m in the three months to 30 June, versus a gain of $39m in the comparable period a year ago.
The result, which included a $16.3m cash sweep from Frontline, amounted to $0.77 in earnings per share, well above the $0.49 turned in at this stage 12 months prior.
Revenues fell to $83.6m from $84.1m
