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Orleans Homebuilders reports $4,000 October net loss on zero revenues
By Caroline Salls
Pittsburgh, Nov. 23 - Orleans Homebuilders, Inc. reported a $4,000 net loss for October on zero revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, the company posted an $8,790 net loss for September, also on zero revenues.
Cash was $3,225 at Oct. 31, the same as at the end of September.
Orleans Homebuilders, a Bensalem, Pa.-based developer, builder and marketer of single-family homes, townhouses and condominiums, filed for bankruptcy on March 1, 2010. The Chapter 11 case number is 10-10684.
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