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Parmalat USA's Farmland unit posts $3.19 million loss for period ending Nov. 20
By Jeff Pines
Washington, Dec. 17 - Parmalat USA Corp.'s Farmland Dairies LLC unit posted a $3.19 million loss for the period of Oct. 24 to Nov. 20, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Southern District of New York.
The net loss for the period of Sept. 19 to Oct. 23 was $3.3 million.
Net revenues for the period dropped to $32.88 million from the $41.72 million of the Sept. 19 to Oct. 23 period.
Cash and cash equivalents for the period ended Nov. 20 were $9.74 million compared with $6.23 million for the previous period.
Parmalat and Farmland filed for bankruptcy on Feb. 24, 2004. The Chapter 11 case number is 04-11139.
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