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AFA Investment net loss shrinks to $1.77 million for October period
By Caroline Salls
Pittsburgh, Dec. 3 - AFA Investment Inc. posted a net loss of $1.77 million for the period of Oct. 1 through Oct. 28 on zero net sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, AFA reported a $5.43 million net loss for the period of Aug. 27 through Sept. 30 on net sales of $4.78 million.
The company also reported no cash or cash equivalents as of Oct. 28, down from $500 on Sept. 30.
AFA Investment is the parent company of AFA Foods Inc., a King of Prussia, Pa.-based processor of ground beef products. The company filed for bankruptcy on April 2, 2012. Its Chapter 11 case number is 12-11127.
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