Eastman Kodak reports massive rise in losses

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.