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VeraSun Energy reports $228,000 March operating income, zero sales
By Caroline Salls
Pittsburgh, April 30 - VeraSun Energy Corp. reported $228,000 of operating income for March on zero net sales, according to its monthly operating report filed Thursday with the Securities and Exchange Commission.
In February, the company posted $454,000 of operating income, also on zero net sales.
The net loss for March was $5.07 million, tightening from a $5.49 million February net loss.
The company had $14.86 million in cash and cash equivalents at March 31, up from $7.18 million at the end of February.
VeraSun, based in Brookings, S.D., produces renewable fuel. The company filed for bankruptcy on Oct. 31, 2008 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 08-12606.
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