Real Industry sees $1.57 million March operating income; revenue up

By Caroline Salls

Pittsburgh, April 23 – Real Industry, Inc. reported $1.57 million of operating income for March on $59.62 million in revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

Those figures showed improvement over the $2.31 million operating loss posted for February on $51.54 million in revenue.

The net loss for March was $17.76 million, widening from a $7.22 million February net loss.

The company had $11.54 million in cash and cash equivalents as of March 31, down from $13.97 million at the end of February.

The holding company is based in Sherman Oaks, Calif. Real Industry filed bankruptcy on Nov. 17, 2017 under Chapter 11 case number 17-12464.

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