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Frontline plc (FRO) Posts $33M Q1 Profit Amid Strong Tanker Market Conditions
Frontline plc (FRO) Posts $33M Q1 Profit Amid Strong Tanker Market Conditions
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Frontline plc’s stock surged 6.75% to close at $18.34 on May 23, 2025, following robust first-quarter earnings. The shipping giant reported $33.3 million in net profit, with adjusted figures reaching $40.4 million, as strong time charter equivalent rates across its VLCC, Suezmax, and LR2/Aframax fleets drove $427.9 million in revenues.
The company’s financial position remains solid with $805 million in cash and liquidity, while strategic debt management has pushed major maturities to 2030. Geopolitical factors and OPEC+ production decisions continue shaping tanker market dynamics, creating both challenges and opportunities for industry players.
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