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Borden Dairy records $7.42 million net loss for March 29 to April 25
By Caroline Salls
Pittsburgh, May 21 – Borden Dairy Co. reported a $7.42 million net loss for the period of March 29 through April 25 on $78.83 million in net revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
Those figures showed a decline from the $3.71 million net loss posted for the period of March 1 through March 28 on $101.47 million in net revenue.
The company had $18.63 million in unrestricted cash and equivalents as of April 25, up from $15.86 million at March 28.
Borden is a Dallas-based dairy company. The company filed bankruptcy on Jan. 5 under Chapter 11 case number 20-10010.
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