LIMASSOL, Cyprus (AP) — LIMASSOL, Cyprus (AP) — Frontline plc (FRO) on Friday reported profit of $227.9 million in its fourth quarter.

On a per-share basis, the Limassol, Cyprus-based company said it had net income of $1.02. Earnings, adjusted for non-recurring costs, came to $1.03 per share.

The shipping company posted revenue of $624.5 million in the period. Its adjusted revenue was $426.9 million.

For the year, the company reported profit of $379.1 million, or $1.70 per share. Revenue was reported as $1.22 billion.

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