Independent Tankers Corporation Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported net loss of $430,000 or $0.006 basic and diluted loss per share on total operating revenues of $18.4 million compared to net loss of $53,000 or $0.001 basic and diluted loss per share on total operating revenues of $19.2 million for the corresponding period of last year. Operating income was $5.4 million against $6.2 million for the same period last year. Net cash provided by operating activities was $4.6 million against $8 million of prior year period.

For the six months, the company reported net loss of $3.3 million or $0.04 basic and diluted loss per share on total operating revenues of $36.5 million compared to net income of $8 million or $0.11 basic and diluted earnings per share on total operating revenues of $36.4 million for the corresponding period of last year. Operating income was $8.5 million against $11.3 million for the same period last year. Net cash used in operating activities was $493,000 against cash provided by operating activities of $1.5 million of prior year period.