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Loral posts $10 million loss on $39 million in sales for February
By Ellen Chang
Houston, April 6 - Loral Space & Communications Ltd. posted a $1 million loss on sales of $39 million for the period of Jan. 29 to Feb. 25, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of New York.
The operating loss from continuing operations was $10 million.
On Feb. 25, cash and cash equivalents for the New York-based satellite company were $102 million.
Loral filed for bankruptcy on July 15, 2003. Its Chapter 11 case number is 03-41710.
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