GST AutoLeather reports $2.01 million of December operating income

By Caroline Salls

Pittsburgh, Feb. 13 – GST AutoLeather, Inc. posted $2.01 million of operating income for December on $21.42 million in net sales, according to its monthly operating report filed with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company reported $628,001 of operating income for November on $22.77 million in net sales.

Cash and cash equivalents were $2.84 million at Dec. 31, down from $3.68 million at the end of November.

GST, a Southfield, Mich.-based automotive leather manufacturer, filed bankruptcy on Oct. 3. The Chapter 11 case number is 17-12100.

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