Linc USA net loss shrinks to $4.51 million in August; revenue declines

By Caroline Salls

Pittsburgh, Sept. 20 – Linc USA GP reported a $4.51 million net loss for August on $1.97 million of revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.

In July, Linc posted a $6.39 million net loss on $2.23 million of revenue.

The company had $5.85 million of cash as of Aug. 31, up from $4.3 million at the end of July.

Linc Energy is a Brisbane, Australia-based energy producer with a commodity portfolio including oil, gas, shale and coal. Its U.S. subsidiaries filed for bankruptcy on May 19 under Chapter 11 case number 16-32689.

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