Frontline Ltd. (FRO,FRO.L) reported a significantly wider fourth-quarter net loss attributable to the company of $343.67 million or $4.41 per basic share versus year-ago quarter's $11.84 million or $0.15 per basic share loss.
Excluding losses and gains on sale of assets, amortization of deferred gains and vessel impairment loss, net loss attributable to Frontline Ltd. amounted to $30.8 million in the fourth quarter of 2011, the company said.
Total operating revenues dropped to $181.98 million from $226.16 million in the comparable period a year early. In addition, the board has decided not to declare a dividend for the 2011 fourth quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.