Frontline Ltd. (FRO) announced that its third-quarter net loss attributable to the Company was $5.61 million or $0.07 per basic share, compared to net income of $107.85 million or $1.39 per basic share in the year ago quarter. Total operating revenues for the quarter were $233.00 million, down from $577.26 million in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.12 per share on revenues of $195.65 million for the quarter. Analysts' estimates typically exclude special items.
On November 26, 2009, the Board declared a dividend of $0.15 per share. The record date for the dividend is December 8, 2009, ex dividend date is December 4, 2009 and the dividend will be paid on or about December 22, 2009.
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