Andrew Linden
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Frontline: good results, declining market

Frontline reported its earnings and its stock slightly goes up. The company increased its revenue, but their net income declined on q-o-q basis. Despite the fact that the oil price went down significantly this year, the company is still performing good, reduced its operating expenses and still delivering the positive net income margin. 

For the financial year 2015, Frontline reports net income from continuing operations of $255.4 million, equivalent to earnings per share of $1.63. On this basis Frontline has, in line with its policy, declared a dividend of $0.35 per share for the quarter. This represents more than 97% of adjusted earnings for the fourth quarter.

I am not sure that I want to invest in any oil-based business, but FRO seems to be interesting. I'd better take a look at them after the next several earnings and check what happens with a company rather that buying their stocks right now.