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Frontline announced better than expected revenues in the fourth quarter of 2020. Total operating revenues were down to $100.633 million, well below $177.815 million posted in the third quarter of 2020.
The company showed a net loss of $9.187 million, or $0.05 per diluted share for the fourth quarter of 2020, and an adjusted net loss of $20.224 million, or $0.10.