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ILX Resorts net loss improves to $31,818 in March; revenues up
By Caroline Salls
Pittsburgh, April 27 - ILX Resorts Inc. posted a $31,818 net loss for March on $2.36 million in 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 over the $59,051 net loss posted for the month of February on $2.16 million in total revenues.
ILX had $5.17 million in cash at March 31, up from $3.45 million at the end of February.
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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