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Westinghouse Electric sees $13 million of April income from operations
By Caroline Salls
Pittsburgh, May 31 – Westinghouse Electric Co., LLC reported $13 million of income from operations for April on $361 million in net revenue, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Southern District of New York.
Net income for the month was also $13 million.
The company had $712 million in cash and cash equivalents as of April 30.
Westinghouse, a Cranberry Township, Pa.-based nuclear products and services company and a subsidiary of Toshiba, filed bankruptcy on March 29. The Chapter 11 case number is 17-10751.
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