The fourth quarter brings good news for the Norwegian shipping company Frontline. Operational profits went back to black with a positive result of USD 7 million, compared to a USD 306 million deficit in the same period last year.
The net result, however, was a deficit of USD 17 million, which was almost USD 8 million more than what analysts expected, according to Bloomberg News. Frontline lost USD 344 million on the bottom line in 2011.
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