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AbitibiBowater posts $81.80 million July operating loss
By Alice Popovici
New York, Sept. 2 - AbitibiBowater, Inc. reported an $81.80 million operating loss for July on $312.63 million in net sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
The figure compares to a $51.53 million operating loss for June on $301.14 million in net sales.
The company's net loss for the period was $120.88 million, up from $80.50 million in June.
AbitibiBowater had $383.35 million in cash and cash equivalents at July 31, compared to $345.23 million at the end of June.
AbitibiBowater, a Montreal-based producer of newsprint, commercial printing papers, market pulp and wood products, filed for bankruptcy on April 16 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 09-11296.
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