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Xinergy sees $3.03 million net loss in May, $2.66 million in revenue
By Kali Hays
New York, June 30 – Xinergy Ltd. reported a net loss of $3.03 million for May on $2.66 million in revenue, according to its monthly operating report filed June 30 with the U.S. Bankruptcy Court for the Western District of Virginia.
For April, Xinergy posted a net loss of $2.95 million on revenue or $4.33 million.
The company also held $9.52 million in cash as of May 31, an increase from $1.59 million as of April 30.
Xinergy, a Knoxville, Tenn.-based coal producer, filed for bankruptcy on April 6. The Chapter 11 case number is 15-70444.
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