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Toisa net loss improves to $8.72 million in June
New York, Aug. 1 – Toisa Ltd. reported a net loss of $8.72 million in June, improved from $13.5 million in May, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.
Net revenue was higher at $6.75 million versus $5.19 million.
Unrestricted cash at the end of the month was $54.36 million, down slightly from $56.05 million at the end of May.
Toisa is a Hamilton, Bermuda-based shipping business. The company filed for bankruptcy on Jan. 29 under Chapter 11 case number 17-10184.
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