Frontline Swings To Q4 Loss On Write-Downs, Dry Dock Costs
According to a Feb. 22 report from the Wall Street Journal, Frontline Ltd. (FRO) swung to a fourth-quarter loss, falling short of analysts' estimates, on capital write-downs related to its investments and higher dry dock costs. The company announced a cash dividend of 10 cents a share for the fourth quarter, down from 25 cents in the previous period.
(Source: The Wall Street Journal)
