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Former Hostess shows negative $228,000 of EBITDA during July period
By Mark Reccek
Bethlehem, Pa., Aug. 28 – Old HB, Inc., formerly Hostess Brands, Inc., reported negative $228,000 of EBITDA for the period of June 28 through July 25 on zero net revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, the company posted negative $398,000 of EBITDA for May 31 through June 27, also on zero net revenue.
Old HB had an operating loss for the July period of $573,000, shrinking from a $599,000 operating loss for the June period. The net loss for the latest period was $527,000, compared to a $599,000 June net loss.
Cash holdings were $12.87 million as of July 25, down from $13.47 million at June 27.
Hostess Brands, an Irving, Texas-based operator of regional bakeries, filed for bankruptcy on Jan. 11, 2012. Its Chapter 11 case number is 12-22052.
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