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Published on 7/23/2008 in the Prospect News Distressed Debt Daily.

Charys reports $2.15 million June net profit

By Caroline Salls

Pittsburgh, July 23 - Charys Holding Co., Inc. posted a $2.15 million net profit for June on zero revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

In May, the company posted a $697,722 net profit, also on zero revenues.

Cash and cash equivalents on June 30 were $6,450, up from $3,880 at the end of May.

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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