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Truvo Subsidiary marks improved $13.36 million September net profit
By Caroline Salls
Pittsburgh, Oct. 15 - Truvo Subsidiary Corp. posted a $13.36 million net profit for September, an improvement over the $60.06 million net loss reported for August, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.
The company reported $1.55 million in net revenues for September, up from $457,868 in August.
Cash and cash equivalents stood at $9.31 million at Sept. 30, compared with $9.44 million at the end of August.
Truvo, an integrated multinational provider of local search and advertising services, filed for bankruptcy on July 1. The Chapter 11 case number is 10-13515.
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