WestPoint Stevens posts $24.03 million operating loss for July

By Ted A. Knutson

Washington, Sept. 8 - WestPoint Stevens Inc. reported a $24.03 million operating loss for July on sales of $102.80 million, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Southern District of New York.

In June, the company posted a $10.09 million operating loss on sales of $86.27 million.

The net loss for July was $40.94 million, compared to a net loss of $23.57 million in June.

Cash on July 31 was $15.42 million, compared to $2.77 million at the end of June.

The West Point, Ga.-based textile firm filed for bankruptcy on June 1, 2003. Its Chapter 11 case number is 03-13532.

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