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ILX Resorts posts a net loss $20,751 for November; revenues decline
By Lisa Kerner
Charlotte, N.C., Dec. 24 - ILX Resorts Inc. posted a net loss of $20,751 for the month of November on $2.45 million of total revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Arizona.
The figures showed a decline from the $132,447 net income reported for the month of October on $2.99 million in total revenues.
ILX had cash and cash equivalents of $2.99 million at Nov. 30, up from $2.07 million at the end of October.
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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