East­man Ko­dak re­ports mas­sive rise in losses

Smart Photography - - News Watch -

East­man Ko­dak Com­pany re­ported a net loss of US$479 mil­lion, with a rev­enue of US$127.3 mil­lion, for the month of May 2013. In a monthly re­port filed with the US Bankruptcy Court, the com­pany stated th­ese fig­ures, com­pared to a net loss of US$46.3 mil­lion, with a rev­enue of US$127.8 mil­lion, for the month of April 2013, as well as a net loss of US$66.8 mil­lion for March 2013. The be­lea­guered com­pany con­tin­ues to suf­fer un­der mas­sive fi­nan­cial trou­bles since fil­ing for bankruptcy in Jan­uary 2012, and is ex­pected to emerge from bankruptcy pro­ceed­ings by the end of 2013.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.