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Former Haggen operating income drops to $919,000 in October period
By Caroline Salls
Pittsburgh, Dec. 6 – HH Liquidation, LLC, formerly Haggen Holdings, LLC, reported $919,000 of income from operations for the period of Oct. 7 through Nov. 3 on $1,000 in net sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
Those figures declined from $4.12 million of income from operations posted for the period of Sept. 9 through Oct. 6 on $3.08 million in net sales.
The net loss for the latest period was $770,000, compared with $2.58 million of net income for the previous period.
In addition, HH Liquidation had $42.45 million in cash and cash equivalents as of Nov. 3, down from $45.49 million at Oct. 6.
Based in Bellingham, Wash., Haggen is a supermarket company. It filed for bankruptcy on Sept. 8, 2015 under Chapter 11 case number 15-11874.
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