Description
Frontline Plc.: An Analysis Of Its Fleet Modernization & Expansion!
Frontline plc’s Q3 2024 financial results indicate a complex and challenging environment for the company, characterized by mixed external factors influencing market dynamics. The company recorded a profit of $60.5 million for the quarter, translating to $0.27 per share, and an adjusted profit of $75.4 million or $0.34 per share. This represents a decline in adjusted profit by $62.8 million from the previous quarter, largely due to decreased time charter equivalent (TCE) earnings which fell from $357.7 million to $292.2 million quarter-over-quarter. This decrease was attributed to a drop in TCE rates during the third quarter compared to the second quarter.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
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