Independent Tankers Corporation Limited Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
February 27, 2014 at 02:18 pm EST
Independent Tankers Corporation Limited reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total operating revenues of $17,608,000 against $15,800,000 a year ago. Operating income was $577,000 against $3,868,000 a year ago. Net loss was $5,848,000 against $1,862,000 a year ago. Basic and diluted loss per share was $0.08 against $0.02 a year ago. Net cash provided by operating activities was $9,046,000 against $11,095,000 a year ago.
For the year, the company reported total operating revenues of $66,794,000 against $69,810,000 a year ago. Operating income was $8,466,000 against $16,711,000 a year ago. Net loss was $16,000,000 against $6,547,000 a year ago. Basic and diluted loss per share was $0.21 against $0.09 a year ago. Net cash provided by operating activities was $3,617,000 against $10,867,000 a year ago.