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LaForta Gestao reports $56.44 million net loss for December
By Sarah Lizee
Olympia, Wash., Jan. 10 – LaForta Gestao e Investimentos Sociedade Unipessoal LDA reported a $56.44 million net loss on $5,584 in gross income for December, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of Texas.
In comparison, the company reported a $58.88 million net profit on $60 million in sales for November.
The cash balance at the end of December was $18.78 million, down from $70.22 million at the end of November.
LaForta, which previously owned the Funchal, Portugal-based ultra-deepwater semi-submersible drilling known as La Muralla IV, is a wholly owned subsidiary of non-debtor Offshore Drilling Holding SA. It filed bankruptcy on June 16, 2022 under Chapter 11 case number 22-90126.
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