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Optima Specialty Steel sees EBITDA increase to $4.42 million in April
By Caroline Salls
Pittsburgh, June 1 – Optima Specialty Steel, Inc. reported $4.42 million of EBITDA for April on $37.49 million in net sales, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Optima posted $2.49 million of EBITDA for March on $42.55 million in net sales.
The net loss for April was $1.47 million, widening from a $967,000 March net loss.
In addition, the company had $9.79 million in cash and cash equivalents as of April 30, up from $9.59 million at the end of March.
Optima is a Miami-based specialty steel manufacturer. The company filed bankruptcy on Dec. 15 under Chapter 11 case number 16-12789.
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