Otter Tail Ag reports net loss of $95,276 on zero revenue in July

By Jim Witters

Wilmington, Del., Aug. 16 - Otter Tail Ag Enterprises LLC reported a net loss of $95,276 on zero revenue for the month ended July 31, according to documents filed Monday in the U.S. Bankruptcy Court for the District of Minnesota.

Those figures compare to a net loss of $25,219 in June on zero revenue.

Otter Tail posted operating losses of $15,213 for July on zero operating revenue, compared to a $1,609 operating loss in June on zero revenue.

The company reported cash of $2.82 million at July 31, compared to cash of $2.89 million at June 30.

Otter Tail, a Fergus Falls, Minn., ethanol company, filed for bankruptcy on Oct. 30, 2009. Its Chapter 11 case number is 09-61250.

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