Pacific Lumber posts $12.39 million November net loss

By Caroline Salls

Pittsburgh, Jan. 7 - Pacific Lumber Co. reported a $12.39 million net loss for November on $6.77 million in revenues, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of Texas.

The figures compare to a $10.83 million October net loss on $6.68 million in revenues.

The company reported a $275,143 cash loss as of Nov. 30, compared with $590,317 in cash at the end of October.

Pacific Lumber, a Scotia, Calif.-based producer of redwood lumber and an indirect wholly owned subsidiary of Maxxam Inc., filed for bankruptcy on Jan. 18, 2007. Its Chapter 11 case number is 07-20027.

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