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Published on 7/21/2016 in the Prospect News Distressed Debt Daily.

SH 130 records $995,431 June operating loss, $3.32 million in revenue

By Caroline Salls

Pittsburgh, July 21 – SH 130 Concession Co. LLC reported a $995,431 operating loss for June on $3.32 million in total operating revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Western District of Texas.

In comparison, SH 130 posted a $258,941 operating loss for May on $2.96 million in total operating revenue.

The net loss for June was $3.31 million, declining from $3.54 million of May net income.

The company had $11.52 million in cash as of June 30, down from $12.89 million at the end of May.

SH 130 is a Buda, Texas-based highway operator. The company filed bankruptcy on March 2 under Chapter 11 case number 16-10262.


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