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Cal Dive shows net loss of $2.08 million for May on zero net revenue
By Kali Hays
New York, July 1 – Cal Dive International, Inc. posted a net loss of $2.08 million for May on zero net revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
For April, Cal Dive reported a net loss of $3.53 million, also on zero net revenue.
The company also held $3.4 million in cash and equivalents as of May 31, down from $4.71 million as of April 30.
Cal Dive, a Houston-based marine contractor providing services to the offshore oil and natural gas industry, filed for bankruptcy on March 3. The Chapter 11 case number is 15-10458.
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