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Congoleum posts $977,000 net income before reorganization items in September
New York, Nov. 17 - Congoleum Corp. posted net income of $977,000 before reorganization items for September on revenues of $19.97 million, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of New Jersey.
The figures improved from a $1.15 million August net loss before reorganization items on revenues of $17.10 million.
The overall net income for September was $956,000, compared with August's $1.08 million.
Congoleum had unrestricted cash and cash equivalents of $19.72 million on Sept. 30, up from $15.29 million on Aug. 31.
Congoleum, a Mercerville, N.J.-based flooring company, filed for bankruptcy on Dec. 31, 2003. Its Chapter 11 case number is 03-51524.
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