ILX Resorts reports $1.33 million December net loss; revenues up

By Caroline Salls

Pittsburgh, Jan. 28 - ILX Resorts Inc. posted a $1.33 million net loss for the month of December on $2.77 million in total revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Arizona.

In comparison, the company reported a net loss of $20,751 for the month of November on $2.45 million of total revenues.

ILX had $3.7 million in cash at Dec. 31, up from $2.99 million at the end of November.

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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