The John Fredriksen-controlled company posted net income of $67.9m for the period, compared to $22.4m a year ago.
This was translated into earnings of $0.73 per share, which comfortably beat the market’s expectations of $0.40 per share.
The latest performance has allowed SFI to increase its dividend by a cent to $0.44 per share.
SFI’s results came on the same day that Frontline erased last year’s second quarter loss by producing net earnings of $17.54m.
SFI
