Bermuda-based Frontline Ltd., the world's second-biggest oil-tanker company, said fourth-quarter profit rose 0.6 percent after it sold an oil tanker for a gain of $59 million.

Net income was $134.6 million, or $1.80 a share, from $133.8 million, or $1.79 a share, in the year-earlier period, the Hamilton-based company said today, Bloomberg reported.