Petra funds post $296,793 net profit for April on $7,916 of revenues

By Caroline Salls

Pittsburgh, May 17 - Petra Offshore Fund LP and Petra Fund REIT Corp. posted a $296,793 net profit for April on $7,916 in revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, the Petra funds reported a $292,369 net loss for March on $8,722 of revenues.

The companies had $508,079 of operating cash at April 30, up from $204,089 at the end of March.

Petra Fund REIT is a New York-based real estate investment trust. The companies filed for bankruptcy on Oct. 20. The Chapter 11 case number is 10-15500.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.