Post-bankruptcy initiatives help company’s profitability

Monday, Nov. 24, 2003 | 11:02 a.m.

Sunterra Corp., a time share sales company with more than 35,000 customers and resort units in 87 locations in the United States, Europe, the Caribbean and Mexico, said the Las Vegas company's results are improving following a restructuring.

The company reported third-quarter net income of $4.3 million, or 21 cents a share, on revenue of $86.1 million. Because of new financing that occurred as a result of the company's emergence from bankruptcy protection, results from a year earlier are not comparable.

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