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WCI Communities March net loss narrows slightly to $15.73 million
By Jennifer Lanning Drey
Portland, Ore., May 14 - WCI Communities, Inc. posted a $15.73 million net loss for March on $48.61 million in revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.
The figures compared to a $17.49 million net loss for February on revenues of $29.96 million.
Cash and cash equivalents were $123.92 million at March 31, up from $111.79 million at Feb. 28.
WCI, a Bonita Springs, Fla.-based home building and real estate services company, filed for bankruptcy on Aug. 4, 2008. Its Chapter 11 case number is 08-11643.
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