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Published on 10/20/2015 in the Prospect News Distressed Debt Daily.

Sobelmar Antwerp posts net loss of $27,451, revenue of $817,314

By Mark Reccek

Bethlehem, Pa., Oct. 20 – Sobelmar Antwerp NV reported a net loss of $27,451 for September on $817,314 in net revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Connecticut.

Sobelmar posted a net profit of $517,925 on $1.43 million in net revenue in August.

The company also held $1.1 million in cash and equivalents as of Sept. 30, down from $1.13 million as of Aug. 31.

Sobelmar, a Brasschaat, Belgium-based worldwide seaborne transportation services company, filed for bankruptcy March 17, 2015. The Chapter 11 case number is 15-20423.


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