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Collins & Aikman posts $31.53 million August operating loss
By Caroline Salls
Pittsburgh, Sept. 22 - Collins & Aikman Corp. reported a $31.53 million operating loss for August on sales of $117.62 million, according to its monthly operating report filed Friday with the Securities and Exchange Commission.
The figures show improvement from a $39.19 million July operating loss on $78.01 million in sales.
The net loss for August was $38.54 million, improved from a $44.04 million July net loss.
Cash on Aug. 26 was $49.41 million, compared with $59.45 million the month before.
Collins & Aikman, a Troy, Mich.-based automotive company, filed for Chapter 11 on May 17, 2005 in the U.S. Bankruptcy Court for the Eastern District of Michigan. The case number is 05-55927.
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