Trico Marine Services posts improved $22,770 operating loss for June

By Caroline Salls

Pittsburgh, Aug. 1 - Trico Marine Services, Inc. posted a $22,770 operating loss for June 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 $52,891 operating loss for May, also on zero revenues.

Trico reported a $23,095 net loss for June, narrowing significantly from the $308.29 million net loss posted for May.

As previously reported, the May net loss included $308.87 million in restructuring costs.

The company had no cash and cash equivalents in June or May.

Trico, a marine services company based in the Woodlands, Texas, filed for bankruptcy on Aug. 25, 2010. The Chapter 11 case number is 10-12653.

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