Orleans Homebuilders posts improved $18,000 net profit for July

By Caroline Salls

Pittsburgh, Aug. 20 - Orleans Homebuilders, Inc. reported an $18,000 net profit for July on zero revenues, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company posted a $4,520 net loss for the June, also on zero revenues.

Cash was $3,225 at July 31, the same as at the end of June.

Orleans Homebuilders, a Bensalem, Pa.-based developer, builder and marketer of single-family homes, townhouses and condominiums, filed for bankruptcy on March 1. The Chapter 11 case number is 10-10684.

© 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.