Congoleum reports $1.66 million July net profit before other income and expenses

By Caroline Salls

Pittsburgh, Sept. 17 - Congoleum Corp. reported a $1.66 million net profit before other income and expenses for July on $28.85 million in revenues, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of New Jersey.

The figures showed improvement over a $926,000 net profit before other income and expenses for June on $25.4 million in revenues.

The July net profit was $584,000, improving from a $59,000 June net loss.

Cash and cash equivalents as of July 31 were $24 million, compared with $23.96 million at the end of June.

Congoleum, a Mercerville, N.J.-based flooring company, filed for bankruptcy on Dec. 31, 2003. Its Chapter 11 case number is 03-51524.

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