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Exide posts $1.52 million operating income for August; net sales rise
By Jim Witters
Wilmington, Del., Sept. 24 - Exide Technologies Inc. posted operating income of $1.52 million for August on net sales of $88.6 million, according to the company's monthly operating report filed Sept. 23 with the U.S. Bankruptcy Court for the District of Delaware.
Those figures compare to $190,000 of operating income for July on $86.68 million in net sales.
The net loss for August was $24.22 million, compared to $12.36 million in July.
The company also reported cash and cash equivalents of $9.51 million as of Aug. 31, up from $6.14 million at the end of July.
Exide Technologies, a Milton, Ga.-based maker and recycler of lead-acid batteries, filed for bankruptcy on June 10. Its Chapter 11 case number is 13-11482.
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