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Orleans Homebuilders net loss grows to $4,520 in month ended June 30
By Lisa Kerner
Charlotte, N.C., July 20 - Orleans Homebuilders, Inc. reported a $4,520 net loss for the period of June 1 to June 30 on zero revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, the company posted a $4,000 net loss for May, also on zero revenues.
The company had $3,225 in cash at June 30, the same as at the end of May.
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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