Marcal Paper Mills posts $350,000 March operating profit

By Caroline Salls

Pittsburgh, May 10 - Marcal Paper Mills, Inc. reported a $350,000 operating profit for March on $33.05 million in sales, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of New Jersey.

The figures showed improvement over a $74,000 February operating profit on $31.54 million in sales.

The net loss for March decreased to $2.59 million from a $2.7 million February net loss.

Cash on March 31 was $8.47 million, compared with $9 million at the end of February.

Marcal Paper Mills, an Elmwood Park, N.J., manufacturer and distributor of bath tissue, kitchen towels, napkins and facial tissue, filed for bankruptcy on Nov. 30, 2006. Its Chapter 11 case number is 06-21886.

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