ILX Resorts posts net income of $78,389 in April; revenues increase

By Lisa Kerner

Charlotte, N.C., May 28 - ILX Resorts Inc. posted net income of $78,389 for April on $2.69 million in total revenues, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Arizona.

The figures showed improvement over the $31,818 net loss posted for March on $2.36 million in total revenues.

ILX had $5.51 million in cash at April 30, up from $5.17 million at the end of March.

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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