Frontline Swings To Q4 Loss On Write-Downs, Dry Dock Costs

Wednesday, February 23, 2011
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)
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