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ILX Resorts records $305,627 January net loss; total revenues down
By Caroline Salls
Pittsburgh, March 2 - ILX Resorts Inc. posted a $305,627 net loss for the month of January on $1.95 million in total revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Arizona.
In comparison, the company posted a $1.33 million net loss for the month of December on $2.77 million in total revenues.
ILX had $3.85 million in cash at Jan. 31, up from $3.7 million at the end of December.
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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