Frontline has made a clear dividend statement in the third quarter, during which it saw its adjusted earnings per share beat the market’s consensus.
The John Fredriksen-controlled company announced a cash dividend of $0.10 per share against adjusted earnings per share of $0.11.
Its net income excluding certain non-cash charges was $5.5m, versus $61.9m in the corresponding quarter of 2015.
Frontline also reported operating quarterly revenue of $157.2m,
