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Cal Dive sees $2.92 million net loss for November on zero net revenue
By Caroline Salls
Pittsburgh, Dec. 30 – Cal Dive International, Inc. posted a net loss of $2.92 million for November on zero net revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
In October, Cal Dive reported a $1.01 million net loss, also on zero net revenue.
The company had $1.04 million in cash and cash equivalents as of Nov. 30, down from $1.61 million at the end of October.
Cal Dive, a Houston-based marine contractor providing services to the offshore oil and natural gas industry, filed for bankruptcy on March 3, 2015. The Chapter 11 case number is 15-10458.
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