PSL-North America reports $35,598 net loss for February, zero revenue

By Caroline Salls

Pittsburgh, April 13 – PSL-North America LLC posted a net loss of $35,598 for February on zero net revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

In January, PSL-North America reported a $102 net loss, also on zero net revenue.

The company also had $1.77 million in unrestricted cash and equivalents as of Feb. 28, down from $1.79 million at the end of January.

Bay St. Louis, Miss.-based PSL-North America is a subsidiary of PSL Ltd., a Daman, India, pipe manufacturer. The company filed for bankruptcy on June 16, 2014 under Chapter 11 case number 14-11477.

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