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Maremont marks $1.08 million net loss for May 6 through June 2 period
By Caroline Salls
Pittsburgh, June 20 – Maremont Corp. reported a $1.08 million net loss for the period of May 6 through June 2 on zero revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Maremont posted a $540,000 net loss for the period of April 1 through May 5, also on zero revenue.
The company had $876,000 in cash as of June 2, down from $2.11 million at May 5.
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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