Meridian Automotive posts $3.25 million October operating income

By Caroline Salls

Pittsburgh, Dec. 1 - Meridian Automotive Systems Inc. showed a $3.25 million operating income for October on sales of $81.83 million, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

The operating income was a sharp reversal of the $4.67 million operating loss reported in September on sales of $83.38 million.

The net loss for October was $6.6 million, down from a $12.65 million September net loss.

As in the previous five months, Meridian reported zero cash as of Oct. 31.

Meridian, a Dearborn, Mich., supplier of front and rear end modules, lighting, exterior composites, console modules, instrument panels and other interior systems to automobile and truck manufacturers, filed for bankruptcy on April 26, 2005. Its Chapter 11 case number is 05-11168.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.