Maremont reports $540,000 net loss for April 1 through May 5 period

By Sarah Lizee

Olympia, Wash., May 20 – Maremont Corp. reported a $540,000 net loss for the period of April 1 through May 5 on zero revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

These figures compare to a $54,000 net profit for the period of March 4 through March 31 on zero revenue.

The company had $2.11 million of cash as of May 5, compared to $2.66 million as of March 31.

Meritor, Inc. is a Troy, Mich.-based global supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. Its Maremont unit filed bankruptcy on Jan. 22 under Chapter 11 case number 19-10118.

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