Sea Containers posts $1.69 million December operating loss

By Caroline Salls

Pittsburgh, Feb. 8 - Sea Containers Ltd. reported a $1.69 million operating loss for December on $576,334 in revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

The figures showed a decline from a $15.8 million November operating profit on $1.21 million in revenues.

The December net loss was $5.03 million, down from a $10.64 million November net profit.

Cash and cash equivalents on Dec. 31 were $42.61 million, compared with $46.98 million at the end of November.

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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