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Published on 12/31/2010 in the Prospect News Distressed Debt Daily.

Trico Marine Services operating loss shrinks to $100,706 in November

By Caroline Salls

Pittsburgh, Dec. 31 - Trico Marine Services, Inc. reported a $100,706 operating loss for November on zero revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company posted a $169,483 operating loss for October, also on zero revenues.

The net loss for November was $163,724, widening from a $39,953 October net loss.

The company had zero cash and cash equivalents at Nov. 30, the same as at the end of October.

Trico, a marine services company based in the Woodlands, Texas, filed for bankruptcy on Aug. 25. The Chapter 11 case number is 10-12653.


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