Adelphia Recovery Trust Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
Adelphia Recovery Trust reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the third quarter, the company reported total revenues were $81,808 against $106,899 a year ago. Net loss was $418,700 against $284,632 a year ago. The revenue decrease of approximately $25,000 was caused by a reduction in principal of $1.3 million on the Adelphia note receivable from a payment in October 2014.
For the nine months, the company reported total revenues were $240,718 against $318,180 a year ago. Net loss was $1,434,473 against $1,229,996 a year ago. Net cash used by operating activities was $1,391,059 against $1,343,160 a year ago.