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Sherwin Alumina posts $1.89 million net loss for month ended March 31
By Caroline Salls
Pittsburgh, April 25 – Sherwin Alumina Co., LLC posted a $1.89 million net loss for March on $22.37 million in revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of Texas.
Those figures showed improvement over a $10.73 million net loss reported for February on $16.94 million in revenue.
In addition, Sherwin had $8.39 million in cash as of March 31, up from $7.53 million at the end of February.
Sherwin, a Gregory, Texas-based alumina producer, filed for bankruptcy on Jan. 11. The Chapter 11 case number is 16-20012.
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