Sea Containers posts $13.23 million August operating income

By Caroline Salls

Pittsburgh, Oct. 3 - Sea Containers Ltd. reported a $13.23 million operating income for August on $2.47 million in revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company posted an $11.18 million July operating income on $3.52 million in revenues.

The August net income was $11.16 million, improving from an $8.47 million July net income.

Cash and cash equivalents on Aug. 31 were $47.65 million, compared with $89,026 at the end of July.

Sea Containers, a Hamilton, Bermuda-based provider of passenger and freight transport and marine container leasing, filed for bankruptcy on Oct. 15, 2006. Its Chapter 11 case number is 06-11156.

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