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Marcal Paper Mills posts $646,000 may operating profit
By Caroline Salls
Pittsburgh, July 19 - Marcal Paper Mills, Inc. reported a $646,000 operating profit for May on $34.32 million in sales, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of New Jersey.
The figures show improvement over a $298,000 April operating profit on $30.69 million in sales.
The net loss for May was $2.19 million, widening from a $1.96 million April net loss.
Cash on May 31 was $3.39 million, compared with $2.89 million at the end of April.
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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