Metro Fuel marks $11,530 of EBITDA for May on zero net petroleum sales

By Caroline Salls

Pittsburgh, June 21 - Metro Fuel Oil Corp. posted $11,530 in EBITDA for May on zero net petroleum sales, according to its monthly operating report filed June 20 with the U.S. Bankruptcy Court for the Eastern District of New York.

Those figures compared to negative $59,726 of EBITDA reported in April on $10 in net petroleum sales.

Net income for May was also $11,530, improving from a $108,576 April net loss.

The company also reported $17.67 million in cash and money market funds as of May 31, down from $17.77 million at the end of April.

Metro Fuel is a Brooklyn, N.Y.-based energy company that supplies bioheat, biodiesel, heating oil, central air conditioning units, ultra low sulfur diesel fuel, natural gas and gasoline throughout the New York City metropolitan area and Long Island. The company filed for bankruptcy on Sept. 27, 2012 under Chapter 11 case number 12-46913.

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