Free Bankruptcy Evalution

Six Flags posts quarterly losses

by Administrator 20. May 2010 06:58

Six Flags Enterntainment Corp. has posted a quarterly net loss of $183.5 million, following a recent Chapter 11 bankruptcy reorganization plan.

The loss comprises interested owed on $400 million in senior notes, costs associated with the reorganization plan, income tax expenses, and generally higher operating costs.

The net loss over this period amounts to $183.5 million, or $1.87 per share, on revenue of $57.3 million. In 2009, the company posted a comparatively better quarterly net loss of $140.8 million, losing $1.50 per share, on revenue of $51.1 million.

Al Weber Jr. has been appointed interim chief executive officer for the company while a privately hired executive search firm looks for a permanent CEO.

If your company is facing bankruptcy, contact the Arizona business bankruptcy lawyers of the Harmon Law Office, LLC, at 480-829-0494 to discuss your financial future.

 

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