Alpha Latam reports $1.44 million net operating loss for February

By Sarah Lizee

Olympia, Wash., April 8 – Alpha Latam Management, LLC reported a $1.44 million net operating loss for February on negative $1.48 million net interest income, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company reported a $222,187 net operating loss for January on $562,692 net interest income.

The company reported an $8.75 million net loss for February, compared to a net loss of $1.7 million for January.

Alpha Latam had $87.12 million in cash and cash equivalents as of Feb. 28, compared to $20.98 million at the end of January.

Wilmington, Del.-based Alpha Latam Management is a technology-enabled financial services company that provides consumer lending products in Colombia. The company filed bankruptcy on Aug. 1, 2021 under Chapter 11 case number 21-11109.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.