Sea Containers reports $9.98 million September operating loss

By Caroline Salls

Pittsburgh, Nov. 4 - Sea Containers Ltd. reported a $9.98 million operating loss for September on $2.05 million in revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

The figures compared to a $4.29 million operating profit recorded in August on $1.64 million in revenues.

The September net loss was $12.01 million, down from a $390,171 August net profit.

Cash and cash equivalents were $17.26 million at Sept. 30, compared with $17.42 million at the end of August.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.