Congoleum shows $179,000 November net profit

By Caroline Salls

Pittsburgh, Dec. 20 - Congoleum Corp. reported a $179,000 net profit for November on revenues of $27.74 million, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of New Jersey.

In October, the company posted a $639,000 net profit on revenues of $35.5 million.

Unrestricted cash and cash equivalents at Nov. 30 were $28.66 million, up from $24.49 million at the end of October.

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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