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Congoleum posts $926,000 June net profit before other income and expenses
By Caroline Salls
Pittsburgh, Aug. 23 - Congoleum Corp. reported a $926,000 net profit before other income and expenses for June on $25.4 million in revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of New Jersey.
The figures showed a decline from a $1.38 million May net profit before other income and expenses on $30.24 million in revenues.
The June net loss was $59,000, down from a $278,000 May net profit.
Cash and cash equivalents as of June 30 were $23.96 million, compared with $21.44 million at the end of May.
Congoleum, a Mercerville, N.J.-based flooring company, filed for bankruptcy on Dec. 31, 2003. Its Chapter 11 case number is 03-51524.
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