Kodak's net loss rose 41% to $312m (£193m) in the third quarter and 51% to $977m for the nine months to 30 September, as net sales fell 19% over the same periods, to $1bn and $3bn respectively.

Pre-tax losses from continuing operations rose 32% to $284m in Q3 and 56% to $987m in the first nine months, while gross profit fell $20m to $160m in Q3 and $79m to $404m in the nine months to 30 September.

However, the troubled US manufacturer, which recently filed a motion to delay filing its reorganisation plan with the US Bankruptcy Court until 28 February 2013, highlighted the fact its latest results include the impact of significant reorganisation and restructuring costs.

These totalled $173m in Q3, compared with $17m in Q3 2011, and $510m over the past nine months, compared with $77m for the same period in the prior year.

Excluding these costs, Kodak's net loss improved 37% to $173m in Q3 and 18% to $467m in the nine months to 30 September.

Net sales fell across the board at Kodak's three divisions: Graphics, Entertainment and Commercial Films (GECF); Digital Printing and Enterprise (DPE); and Personalized and Document Imaging (PDI).

Of the three divisions, Personalized and Document Imaging was the only one to register a profit before interest, other charges, reorganization items and income taxes in the third quarter.

Meanwhile, Kodak's US operations have continued to burn through cash, with $314m available in cash and cash equivalents at 30 September, down from $346m at the end of August and $438m at the end of July.