Orchids Paper Products reports $1.07 million operating loss for June

By Caroline Salls

Pittsburgh, July 30 – Orchids Paper Products Co. reported a $1.07 million operating loss for June on $12.55 million in net sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

Those figures showed a decline from the $1.04 million operating loss posted for May on $14.69 million in net sales.

The net loss for June was $1.5 million, narrowing from a $1.95 million May net loss.

The company had $11.23 million in cash as of June 30, down from $12.18 million at the end of May.

Orchids, a Brentwood, Tenn.-based maker of consumer tissue products, filed for bankruptcy on April 1. The Chapter 11 case number is 19-10729.

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