LaForta Gestao reports $1.26 million net loss for October

By Sarah Lizee

Olympia, Wash., Nov. 3 – LaForta Gestao e Investimentos Sociedade Unipessoal LDA reported a $1.26 million net loss on zero gross income or sales for October, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of Texas.

In comparison, the company reported a $1.28 million net loss on zero gross income or sales for September.

The cash balance at the end of October was $11.33 million, down from $12.6 million at the end of September.

The Funchal, Portugal-based ultra-deepwater semi-submersible drilling rig owner is a wholly owned subsidiary of non-debtor Offshore Drilling Holding SA. It filed bankruptcy on June 16 under Chapter 11 case number 22-90126.

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