Metro Fuel Oil sees negative $780 of EBITDA in July on zero net sales

By Kali Hays

New York, Aug. 21 – Metro Fuel Oil Corp. posted negative EBITDA of $780 for July on zero net petroleum sales, according to its monthly operating report filed Aug. 21 with the U.S. Bankruptcy Court for the Eastern District of New York.

Those numbers compare to negative EBITDA of $126 for June, also on zero net petroleum sales.

The net loss in July was $134,249, an increase from $102,857 in June.

The company also reported $7,568,388 in cash and money market funds as of July 31, slightly less than $7,569,168 at the end of June.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.