Caribe Media reports $232,000 August operating income; revenue rises

By Jim Witters

Wilmington, Del., Sept. 30 - Caribe Media, Inc. reported operating income of $232,000 for August on total revenue of $811,000, according to the company's monthly operating report filed Friday in the U.S. Bankruptcy Court for the District of Delaware.

Those figures compare to operating income of $482,000 in July on total revenue of $674,000.

The net loss for August was $172,000, up from $76,000 reported for July.

The company reported cash and cash equivalents of $4.6 million as of Aug. 31, down from $4.77 million at the end of July.

Caribe Media, an Englewood, Colo.-based publisher of directories in Puerto Rico and the Dominican Republic, filed for bankruptcy on May 3. The Chapter 11 case number is 11-11387.

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