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Published on 9/2/2014 in the Prospect News Distressed Debt Daily.

Constar International reports zero operational loss, no sales in July

By Kali Hays

New York, Sept. 2 – Constar International Holdings, LLC posted an operating loss of zero for July on zero net sales, according to its monthly operating report filed Sept. 2 with the U.S. Bankruptcy Court for the District of Delaware.

Those numbers compare to an operating loss of $213,000 for June, also on zero net sales.

The net loss for July was $393,000, dropping from $1.03 million in June.

Constar also reported cash and cash equivalents of $967,000 at July 31, a slight decrease from $969,000 at the end of June.

Constar, a Trevose, Pa.-based maker of polyethylene terephthalate food and beverage containers, filed for bankruptcy on Dec. 19. The Chapter 11 case number is 13-13281.


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