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U.S. Shipping $210,481 July operating income on $8.87 million sales
By Alice Popovici
New York, Aug. 24 - U.S. Shipping Partners, LP reported operating income of $210,481 for July on $8.87 million in revenues, according to a Friday filing with the U.S. Bankruptcy Court for the Southern District of New York.
Net profit for the month was $11.93 million.
In comparison, the company reported $66.04 million net loss for June on $7.78 million in revenues.
It had $24.71 million in cash and cash equivalents at the end of July, compared to $18.58 million at the end of June.
U.S. Shipping is an Edison, N.J.-based provider of long-haul marine transportation services. It filed for bankruptcy on April 30. Its Chapter 11 case number is 09-12711.
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