Aceto reports $4.95 million operating loss, zero net sales for June

By Caroline Salls

Pittsburgh, Aug. 15 – Aceto Corp. posted a $4.95 million operating loss for June on zero net sales, according to its monthly operating report filed Thursday with the Securities and Exchange Commission.

In comparison, Aceto reported a $581,077 operating loss for May, also on zero net sales.

The net loss for June was $5.72 million, widening from a $7171,240 May net loss.

In addition, Aceto listed $187.64 million in cash and cash equivalents as of June 30, down from $194.45 million at the end of May.

Aceto is a Port Washington, N.Y.-based developer, marketer, seller and distributor of human health products, pharmaceutical ingredients and performance chemicals. The company filed bankruptcy on Feb. 19 under Chapter 11 case number 19-13448.

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