
Frontline shares dive 12% on profit slump
Investing.com — Frontline’s (OL:FRO) (NYSE:FRO) stock price took dropping over 12%, following its third-quarter 2024 financial results. The company reported a year-over-year decrease in net profit for the quarter, with net income falling to $60.5 million, compared to $187.6 million in the same period of 2023. This marks a near 70% drop in profitability, despite an…