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Fedders posts $4.76 million April operating loss
By Caroline Salls
Pittsburgh, June 17 - Fedders Corp. reported a $4.76 million operating loss for April on $2.63 million in net sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, the company posted a $4.54 million operating loss in March on $2.09 million in net sales.
The net loss for April was $5.99 million, widening from a $5.73 million March net loss.
Cash on April 30 was $13.23 million, compared with $10.52 million at the end of March.
Fedders, a Liberty Corner, N.J., producer and marketer of air treatment products, filed for bankruptcy on Aug. 21, 2007. Its Chapter 11 case number is 07-11176.
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