Metro Fuel Oil posts negative EBITDA of $59,726 for April, $10 sales

By Jim Witters

Wilmington, Del., May 21 - Metro Fuel Oil Corp. posted a negative EBITDA of $59,726 for April on net petroleum sales of $10, according to the company's monthly operating report filed May 20 with the U.S. Bankruptcy Court for the Eastern District of New York.

Those figures compare to a negative EBITDA of $1.77 million for March on net petroleum sales of negative $164,572.

The net loss for April was $108,576, compared to a net loss of $27 million in March.

The company also reported $17.77 million in cash and money market funds as of April 20, down from $18.55 million at the end of March.

Metro Fuel is a Brooklyn, N.Y.-based energy company that supplies bioheat, biodiesel, heating oil, central air conditioning units, ultra low sulfur diesel fuel, natural gas and gasoline throughout the New York City metropolitan area and Long Island. The company filed for bankruptcy on Sept. 27, 2012 under Chapter 11 case number 12-46913.

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