Rhodes shows $209,000 November operating profit

By Caroline Salls

Pittsburgh, Dec. 20 - Rhodes Inc. posted a $209,000 operating profit for November on $365,000 in revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Northern District of Georgia.

In October, the company reported a $1.34 million operating loss on $34,000 in revenues.

The net profit for November was $5.74 million, compared with a $2.09 million net loss in October.

Cash on Nov. 30 was $4.38 million, down slightly from $4.96 million at the end of October.

Rhodes, an Atlanta-based furniture retailer, filed for bankruptcy on Nov. 4, 2004. Its Chapter 11 case number is 04-78434.

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