Frontline finishes yet another red quarter

Norwegian Frontline presented a net deficit of USD 36.4 million in its 3rd quarter interim report, but there are signs of progress compared to the 2nd quarter.

With a net deficit of USD 36.4, Norwegian Frontline once again has to sign off on a negative interim report. But there are signs of significant progress compared to the 2nd quarter, where the company suffered a USD 120.7 million deficit. The operating result for the quarter came to a USD 21 million deficit.

In the third quarter, Frontline performed impairments for USD 22.4 million on the ships Front Champion and Golden Victory. In the previous quarter, the company performed impairments for USD 81.3 million.

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