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Orleans Homebuilders posts $4,325 April net loss on zero revenues
By Caroline Salls
Pittsburgh, May 20 - Orleans Homebuilders, Inc. reported a $4,325 net loss for April on zero revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Orleans posted a $1,660 net loss for the period of March 2 to March 31, also on zero revenues.
The company had $3,225 in cash at April 30, the same as at the end of March.
Orleans Homebuilders, a Bensalem, Pa.-based developer, builder and marketer of single-family homes, townhouses and condominiums, filed for bankruptcy on March 1. The Chapter 11 case number is 10-10684.
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