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Toisa records $2.95 million net loss for January; net revenue climbs
By Sarah Lizee
Olympia, Wash., Feb. 28 – Toisa Ltd. had a $2.95 million net loss in January on $57,915 in net revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, Toisa posted a $22.33 million net loss in December on negative $372,436 in net revenue.
The January net loss included $787,209 in “other expenses.”
Cash and cash equivalents stood at $4.57 million as of Jan. 31, down from $4.61 million at the end of December.
Toisa is a Hamilton, Bermuda-based shipping business. The company filed for bankruptcy on Jan. 29, 2017 under Chapter 11 case number 17-10184.
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