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Published on 5/21/2008 in the Prospect News Distressed Debt Daily.

Charys posts $10.76 million April net profit

By Caroline Salls

Pittsburgh, May 21 - Charys Holding Co., Inc. posted a $10.76 million net profit for April on zero revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

For the period of Feb. 15 through March 31, the company recorded a $6.17 million net loss.

Cash and cash equivalents on April 30 were $80,522, compared with $176,982 at the end of March.

Charys is an Atlanta-based infrastructure services company that filed for bankruptcy on Feb. 14. Its Chapter 11 case number is 08-10289.


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