U.S. Energy Systems posts $81,010 March net income, $100,000 revenue

By Caroline Salls

Pittsburgh, April 27 - U.S. Energy Systems, Inc. reported an $81,010 net income for March on $100,000 in total operating revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, the company posted a $65,115 net loss in February on zero revenues.

The company had $81,531 in cash at March 31, up from $521 at the end of February.

U.S. Energy Systems, a New York-based owner of green power and clean energy and resources, filed for bankruptcy on Jan. 9, 2008. Its Chapter 11 case number is 08-10054.

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