Congoleum posts $926,000 June net profit before other income and expenses

By Caroline Salls

Pittsburgh, Aug. 23 - Congoleum Corp. reported a $926,000 net profit before other income and expenses for June on $25.4 million in revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of New Jersey.

The figures showed a decline from a $1.38 million May net profit before other income and expenses on $30.24 million in revenues.

The June net loss was $59,000, down from a $278,000 May net profit.

Cash and cash equivalents as of June 30 were $23.96 million, compared with $21.44 million at the end of May.

Congoleum, a Mercerville, N.J.-based flooring company, filed for bankruptcy on Dec. 31, 2003. Its Chapter 11 case number is 03-51524.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.