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Published on 11/21/2008 in the Prospect News Distressed Debt Daily.

Charys reports $9.53 million October net profit

By Caroline Salls

Pittsburgh, Nov. 21 - Charys Holding Co. posted a $9.53 million net profit for October on zero revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

In September, the company reported a $2.71 million net profit, also on zero revenues.

Cash and cash equivalents at Oct. 31 were $167,264, compared with $185,942 at the end of September.

Charys is an Atlanta-based infrastructure services company that filed for bankruptcy on Feb. 14, 2008. Its Chapter 11 case number is 08-10289.


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