Trico Marine operating loss shrinks to $52,891 in May; net loss widens

By Caroline Salls

Pittsburgh, July 11 - Trico Marine Services, Inc. posted a $52,891 operating loss for May on zero revenues, according to its monthly operating report filed July 8 with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company posted an $83,011 operating loss for April, also on zero revenues.

Trico reported a $308.29 million net loss for May, which included $308.87 million in restructuring costs. In April, the company saw net income of $1.08 million.

The company had no cash and cash equivalents in May or April.

Trico, a marine services company based in the Woodlands, Texas, filed for bankruptcy on Aug. 25, 2010. The Chapter 11 case number is 10-12653.

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