Orleans Homebuilders net loss shrinks to $4,000 in month ended May 30

By Caroline Salls

Pittsburgh, June 21 - Orleans Homebuilders, Inc. reported a $4,000 net loss for the period of May 1 to May 30 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 a $4,325 net loss for April, also on zero revenues.

The company had $3,225 in cash at May 30, the same as at the end of April.

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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