American West Development reports $171,659 of June operating income

By Caroline Salls

Pittsburgh, July 18 - American West Development, Inc. reported $171,659 of operating income for June on $1.35 million in total revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Nevada.

The figures showed improvement over the $180,141 operating loss posted for May on $995,573 in total revenues.

The net loss for June was $166,987, narrowing from a $590,941 May net loss.

The company had $1.08 million in cash and cash equivalents at June 30, down from $1.97 million at the end of May.

American West, a Las Vegas-based homebuilder, filed for bankruptcy on March 1 under Chapter 11 case number 12-12349.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.