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M. Fabrikant reports $1.52 million May operating loss
By Caroline Salls
Pittsburgh, June 21 - M. Fabrikant & Sons, Inc. reported a $1.52 million operating loss for May on $2.04 million in sales, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of New York.
The figures compare to a $1.31 million April operating loss on $1.36 million of sales.
The net loss for May was $58.39 million, a significant decline over a $3.21 million April net loss.
The net loss included a $54.63 million loss on discontinued operations.
Cash on May 31 was $9.09 million, compared with $11.13 million at the end of April.
M. Fabrikant, a New York-based manufacturer and distributor of diamonds and gemstone jewelry, filed for Chapter 11 on Nov. 17, 2006. Its case number is 06-12737.
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