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Toisa records $38.37 million January net loss; net revenue improves
By Caroline Salls
Pittsburgh, March 6 – Toisa Ltd. reported a $38.37 million net loss for January on $6.79 million in net revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.
Those figures compared to a $17.69 million net loss for December on $6.48 million in net revenue.
Unrestricted cash at Jan. 31 was $73.65 million, up from $36.86 million at the end of December.
Toisa is a Hamilton, Bermuda-based shipping business. The company filed for bankruptcy on Jan. 29, 2017 under Chapter 11 case number 17-10184.
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