LaForta Gestao reports $1.28 million net loss for September

By Sarah Lizee

Olympia, Wash., Oct. 6 – LaForta Gestao e Investimentos Sociedade Unipessoal LDA reported a $1.28 million net loss on zero gross income or sales for September, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Southern District of Texas.

In comparison, the company reported a $2.21 million net loss on zero gross income or sales for August.

The cash balance at the end of September was $12.6 million, down from $13.88 million at the end of August.

The Funchal, Portugal-based ultra-deepwater semi-submersible drilling rig owner is a wholly owned subsidiary of non-debtor Offshore Drilling Holding SA. It filed bankruptcy on June 16 under Chapter 11 case number 22-90126.

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