Workflow Management posts $1.02 million November operating income

By Caroline Salls

Pittsburgh, Jan. 7 - Workflow Management, Inc. reported $1.02 million of operating income for November on net revenues of $49.94 million, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Eastern District of Virginia.

In comparison, the company posted $1.17 million of operating income for October on $47.61 million of net revenues.

The net loss for November was $7.54 million, narrowing from an $8.09 million net loss for October.

The company had $27.16 million in cash and cash equivalents at Nov. 30, up from $23.31 million at the end of October.

Workflow Management, a Dayton, Ohio-based provider of end-to-end business management outsourcing services to commercial customers, filed for bankruptcy on Sept. 29. The Chapter 11 case number is 10-74617.

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