Outer Harbor Terminal posts $519,934 July net profit on zero revenue

By Caroline Salls

Pittsburgh, Sept. 5 – Outer Harbor Terminal, LLC reported a $519,934 net profit for July on zero revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Outer Harbor posted a $230,546 net loss for June, also on zero revenue.

The company had $731,442 in cash and cash equivalents as of July 31, down from $928,427 at the end of June.

Based in Oakland, Calif., Outer Harbor is a provider of container terminal operation and stevedore services at the Port of Oakland. The company filed for bankruptcy on Feb. 1, 2016 under Chapter 11 case number 16-10283.

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