| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers I > Headlines for ILX Resorts Inc. > News item |
ILX Resorts reports $156,049 in first-quarter operating income
By Caroline Salls
Pittsburgh, May 14 - ILX Resorts Inc. reported $156,049 of operating income for the quarter ended March 31 on $6.83 million in total revenues, according to a 10-Q filed Friday with the Securities and Exchange Commission.
In comparison, the company posted a $531,410 operating loss for the quarter ended March 31, 2009 on $7.69 million in total revenues.
The net loss for the first quarter of this year was $408,444, narrowing from a $1.05 million net loss for the same period of 2009.
The company had $5.41 million in cash and cash equivalents at March 31, up from $3.94 million at Dec. 31.
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 in the U.S. Bankruptcy Court for the District of Arizona. Its Chapter 11 case number is 09-03594.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.