Truvo Subsidiary marks improved $30.12 million October net profit

By Caroline Salls

Pittsburgh, Nov. 15 - Truvo Subsidiary Corp. posted a $30.12 million net profit for October, an improvement over the $13.36 million net profit reported for September, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.

The company reported $2.92 million of net revenues for October, up from $1.55 million in September.

Cash and cash equivalents stood at $7.74 million at Oct. 31, compared with $9.31 million at the end of September.

Truvo, an integrated multinational provider of local search and advertising services, filed for bankruptcy on July 1. The Chapter 11 case number is 10-13515.

© 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.