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Allied Holdings posts $1.84 million November operating income
By Caroline Salls
Pittsburgh, Dec. 27 - Allied Holdings, Inc. reported a $1.84 million operating income for November on $65.09 million in revenues, according to its monthly operating report filed Dec. 26 with the U.S. Bankruptcy Court for the Northern District of Georgia.
The figures compare to a $3.74 million operating income for October on $74.01 million in revenues.
The net loss for November was $1.11 million, down from an $878,000 October net income.
Cash and cash equivalents on Nov. 30 were $1.37 million, compared with $2.18 million at the end of October.
Allied, a Decatur, Ga., distributor of new and used vehicles, filed for bankruptcy on Aug. 1, 2005. Its Chapter 11 case number is 05-12515.
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