Transmar Commodity sees $756,736 net loss for month ended March 31

By Caroline Salls

Pittsburgh, April 18 – Transmar Commodity Group Ltd. reported a $756,736 net loss for March on $3.99 million in net revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, Transmar posted a $928,689 net loss for February on $5.75 million in net revenue.

In addition, the company had $6.93 million in cash and cash equivalents as of March 31, down from $7.83 million at the end of February.

Morristown, N.J.-based Transmar operates as a full-service cocoa trading and cocoa butter product supplier to the international confectionary industry. The company filed for bankruptcy on Dec. 31 under Chapter 11 case number 16-13625.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.