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Exide Technologies reports $3.01 million in operating income for March
By Kali Hays
New York, May 1 - Exide Technologies, Inc. posted $3.01 million in operating income for March on net sales of $88.64 million, according to its monthly operating report filed April 30 with the U.S. Bankruptcy Court for the District of Delaware.
Those numbers compare to $4.9 million in operating income on net sales of $84.97 million for February.
The net loss for March was $15.65 million, an increase from a $6.71 million net loss in February.
Exide also reported cash and cash equivalents of $17.35 million as of March 31, up from $5.97 million as of Feb. 28.
Exide Technologies, a Milton, Ga.-based maker and recycler of lead-acid batteries, filed for bankruptcy on June 10, 2013. Its Chapter 11 case number is 13-11482.
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