Former Aceto posts $258,468 August operating loss; sales still zero

By Caroline Salls

Pittsburgh, Oct. 7 – Tri Harbor Holdings Corp., formerly Aceto Corp., posted a $258,468 operating loss for August on zero net sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of New Jersey.

In comparison, Tri Harbor reported a $317,941 operating loss for July, also on zero net sales.

The net loss for August was $1.87 million, narrowing from a $3.37 million July net loss.

In addition, Tri Harbor listed $180.99 million in cash and cash equivalents as of Aug. 31, down from $182.74 million at the end of July.

Aceto is a Port Washington, N.Y.-based developer, marketer, seller and distributor of human health products, pharmaceutical ingredients and performance chemicals. The company filed bankruptcy on Feb. 19, 2019 under Chapter 11 case number 19-13448.

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