Frontline Says Q4 Came In Unusually Soft Compared To Previous Years

Reuters

Feb 28

Feb 28 (Reuters) - Frontline Ltd ::
*Q4 ADJUSTED PROFIT OF $45.1 MILLION, OR $0.20 PER SHARE FOR Q4 OF 2024
*Q4 OF 2024 CAME IN UNUSUALLY SOFT COMPARED TO PREVIOUS YEARS
*GLOBAL OIL DEMAND WAS UP MARGINALLY AS YEAR CAME TO AN END, BUT GLOBAL SEABORNE EXPORTS SLOWED IN Q4
*DURING QUARTER WE SAW POSITIVE DEVELOPMENTS IN ENFORCEMENT OF SANCTIONS AGAINST IRAN AND RUSSIA IN PARTICULAR
*THESE TWO COUNTRIES REPRESENT A MATERIAL PART OF SUPPLY TO ASIA, AT COST TO DEMAND FOR VESSELS FRONTLINE OPERATES
*FOR 2025 WE HAVE ALREADY SEEN BROADER SANCTIONS WITH A WIDER SCOPE
*KEY IMPORTERS OF EXPOSED CRUDE ARE DIVERSIFYING AWAY FROM MENTIONED SUPPLIERS
*EXPECT SPOT TCES FOR FULL Q1 OF 2025 TO BE LOWER THAN SPOT TCES CURRENTLY CONTRACTED

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 28-FEB-202506:30:00.29 GMT

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email: reutersinvestor.briefs@thomsonreuters.com))<br/>  Source Date/Time = 28-FEB-202506:30:00.29 GMT</fro.ol></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250228:nRSD1rLCRs:1","article_id":"2514390424","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514390424","pubTimestamp":1740725778,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Feb 28 (Reuters) - Frontline Ltd ::*Q4 ADJUSTED PROFIT OF $45.1 MILLION, OR $0.20 PER SHARE FOR Q4 OF 2024*Q4 OF 2024 CAME IN UNUSUALLY SOFT COMPARED TO PREVIOUS YEARS*GLOBAL OIL DEMAND WAS UP MARGINA","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4144":"石油与天然气的储存和运输","FRO":"FRONTLINE PLC"},"translate_title":"Frontline表示第四季度与往年相比异常疲软","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FRO":0.9},"content_text":"Feb 28 (Reuters) - Frontline Ltd ::*Q4 ADJUSTED PROFIT OF $45.1 MILLION, OR $0.20 PER SHARE FOR Q4 OF 2024*Q4 OF 2024 CAME IN UNUSUALLY SOFT COMPARED TO PREVIOUS YEARS*GLOBAL OIL DEMAND WAS UP MARGINALLY AS YEAR CAME TO AN END, BUT GLOBAL SEABORNE EXPORTS SLOWED IN Q4*DURING QUARTER WE SAW POSITIVE DEVELOPMENTS IN ENFORCEMENT OF SANCTIONS AGAINST IRAN AND RUSSIA IN PARTICULAR*THESE TWO COUNTRIES REPRESENT A MATERIAL PART OF SUPPLY TO ASIA, AT COST TO DEMAND FOR VESSELS FRONTLINE OPERATES*FOR 2025 WE HAVE ALREADY SEEN BROADER SANCTIONS WITH A WIDER SCOPE*KEY IMPORTERS OF EXPOSED CRUDE ARE DIVERSIFYING AWAY FROM MENTIONED SUPPLIERS*EXPECT SPOT TCES FOR FULL Q1 OF 2025 TO BE LOWER THAN SPOT TCES CURRENTLY CONTRACTED  ((Reuters Investor Briefs; 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