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Frontline Plc (NYSE:FRO) Reports 24.5% Decline in Net Income, Despite 14% Revenue Growth in FY24

Thu 06 Mar 25, 07:03 AM | Team Kalkine

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Highlights

Frontline Plc (NYSE:FRO), based in Cyprus, specializes in the seaborne transportation of crude oil and refined products globally.

In the financial year 2024 (FY24), Frontline reported total revenue of USD 2,050.4 million, a 13.8% increase from USD 1,802.2 million in FY23, driven by higher average daily TCEs across all carriers.

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