Sea Containers posts $896,508 March operating income

By Caroline Salls

Pittsburgh, April 30 - Sea Containers Ltd. reported an $896,508 operating income for March on revenues of $2.56 million, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

The figures compare to a $3.18 million operating loss for February on $1.74 million in revenues.

The March net loss was $2.06 million, down from a $6.73 million February net loss.

Cash and cash equivalents on March 31 were $23.02 million, compared with $199,642 at the end of February.

Sea Containers, a Hamilton, Bermuda-based provider of passenger and freight transport and marine container leasing, filed for bankruptcy on Oct. 15, 2006. Its Chapter 11 case number is 06-11156.

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