LaForta Gestao posts $205,604 net loss for February

By Sarah Lizee

Olympia, Wash., April 27 – LaForta Gestao e Investimentos Sociedade Unipessoal LDA reported a $205,604 net loss on $2,237 in gross income for February, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of Texas.

In comparison, the company reported a $2.03 million net loss on $356,327 in gross income for January.

The cash balance at the end of February was $11.55 million, down from $11.75 million at the end of January.

LaForta, which previously owned the Funchal, Portugal-based ultra-deepwater semi-submersible drilling rig known as La Muralla IV, is a wholly owned subsidiary of non-debtor Offshore Drilling Holding SA. It filed bankruptcy on June 16, 2022 under Chapter 11 case number 22-90126.

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