Bear Island Paper reports $355,160 of net income for May; sales climb

By Caroline Salls

Pittsburgh, June 28 - Bear Island Paper Co., LLC reported $355,160 of net income for May on $12.26 million in net sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Eastern District of Virginia.

In comparison, Bear Island posted a $228,174 net loss for April on $11.1 million in net sales.

The company had $13.26 million in cash at May 31, up from $12.72 million at the end of April.

Bear Island, a subsidiary of White Birch Paper Co., filed for bankruptcy on Feb. 24, 2010. The Chapter 11 case number is 10-31202.

© 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.