ILX Resorts posts $132,447 of net income for October; revenues improve

By Caroline Salls

Pittsburgh, Dec. 1 - ILX Resorts Inc. posted a net income of $132,447 for the month of October on $2.99 million of total revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Arizona.

The figures showed improvement from the $92,942 net income reported for the month of September on $2.54 million in total revenues.

ILX had cash and cash equivalents of $2.07 million at Oct. 31, up from $829,071 at the end of September.

Phoenix-based ILX Resorts acquires, develops and operates timeshare resorts primarily in the western United States. The company filed for bankruptcy on March 2, 2009. Its Chapter 11 case number is 09-03594.

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