Reunion Industries posts $118,000 April operating loss

By Jennifer Lanning Drey

Portland, Ore., June 1 - Reunion Industries, Inc. reported a $118,000 operating loss for April on $1.46 million in net sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Connecticut.

The loss compares with a $230,000 operating loss for March on $1.02 million in net sales.

April net income was $471,000, showing improvement from a net loss of $179,000 in March.

Cash and cash equivalents were $2.92 million at the end of April, down from $4.35 million at March 31.

Reunion, a Pittsburgh-based manufacturer of metal and plastic products, filed for bankruptcy on Nov. 29, 2007. Its Chapter 11 case number is 07-50727.

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