Frontline books profit despite more than halving the top line

In what has been a difficult first quarter for tanker carriers, John Fredriksen's Frontline comes out with a profit despite more than halving the top line. The coronavirus pandemic is a continuing source of uncertainty, says CEO.

Photo: Frontline

Tanker company Frontline, controlled by John Fredriksen, comes out of the first three months of the year with black numbers on the bottom line.

In an overall difficult start to 2021 for tanker companies, in which Frontline also saw revenues decline drastically, the tanker company reports a net profit for the period of USD 28.9 million as well as an adjusted net profit of USD 8.8 million.

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