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Glacial Energy net income declines to $908 in February; revenue down
By Caroline Salls
Pittsburgh, April 7 – Glacial Energy Holdings, Inc. reported $908 of net income for February on $24,712 in revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Glacial Energy posted $9,303 of net income for January on $1.37 million of revenue.
The company had $69,381 of cash as of Feb. 28, down from $74,891 at the end of January.
Glacial Energy, a Sandwich, Mass.-based electricity and natural gas company, filed for bankruptcy on April 10, 2014. The Chapter 11 case number is 14-10833.
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