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Mission Coal records $499,000 improved operating loss for February
By Caroline Salls
Pittsburgh, April 2 – Mission Coal Co., LLC reported a $499,000 loss from operations for February on $27.96 million in total revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Northern District of Alabama.
In comparison, Mission Coal posted a $5.46 million loss from operations for January on $13.67 million in total revenue.
The net loss for February was $11.96 million, narrowing from a $13.86 million January net loss.
The company had $2.75 million in cash and cash equivalents as of Feb. 28, down from $8.14 million at the end of January.
Mission is a Kingsport, Tenn.-based coal company. The company filed bankruptcy on Oct. 14 under Chapter 11 case number 18-04177.
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