Mark IV Industries posts $2.11 million June operating loss on no sales

By Jennifer Lanning Drey

Portland, Ore., Aug. 17 - Mark IV Industries, Inc. reported a $2.11 million operating loss for June on zero net sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.

The figures compared with a $1.58 million operating loss for May, also on zero sales.

The net loss in June was $5.71 million, compared with a net loss of $7.88 million for the prior period.

Cash and cash equivalents were $21.41 million at June 30, down slightly from $22.42 million at May 31.

Mark IV is an Amherst, N.Y., manufacturer of engineered systems and components for the automotive, industrial and transportation markets. Its Chapter 11 case number is 09-12795.

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