Meruelo Maddux reports improved $641,367 July net loss from operations

By Caroline Salls

Pittsburgh, Aug. 20 - Meruelo Maddux Properties Inc. reported a $641,367 net loss from operations for July on $1.93 million in total revenues, according to its monthly operating report filed Thursday with the Securities and Exchange Commission.

The figures showed improvement over the $780,243 net loss from operations posted in June on $1.91 million in total revenues.

The net loss for July was $2.64 million, widening from a $2.57 million June net loss.

The company had $8.71 million in cash at July 31, up from $7.18 million at the end of June.

Meruelo Maddux, a self-managed, full-service real estate company that develops, redevelops and owns commercial and multi-family residential properties, filed for bankruptcy on March 26 in the U.S. Bankruptcy Court for the Central District of California. Its Chapter 11 case number is 09-13356.

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