Sea Containers reports $2.29 million June operating income

By Caroline Salls

Pittsburgh, July 31 - Sea Containers Ltd. reported a $2.29 million operating income for June on revenues of $2.84 million, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

In May, the company posted a $20.45 million operating loss on $1.95 million in revenues.

The June net loss was $849,219, a significant improvement over a $24.36 million May net loss.

Cash and cash equivalents on June 30 were $21.92 million, compared with $24.87 million at the end of May.

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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