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WestPoint Stevens records $20.23 million October loss
By Jeff Pines
Washington, Nov. 30 - WestPoint Stevens Inc. reported a $20.23 million net loss in October on sales of $147.15 million, according to its monthly operating report filed with the Securities and Exchange Commission Tuesday.
The West Point, Ga.-based textile firm's operating loss was $8.02 million.
In September, the company reported losing $38.5 million in September on sales of $115 million with an operating loss of $24 million.
Cash and cash equivalents were $1.77 million compared with $4.73 million for October.
The company filed for bankruptcy with the U.S. Bankruptcy Court for the Southern District of New York on June 1, 2003. Its Chapter 11 case number is 03-13532.
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