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Allied Holdings posts $4.48 million July operating loss
By Caroline Salls
Pittsburgh, Sept. 1 - Allied Holdings, Inc. recorded a $4.48 million operating loss for July on revenues of $51.75 million, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Northern District of Georgia.
In June, the company posted $8.88 million in operating income on $83.4 million in revenues.
The net loss for July was $8.19 million, down from a $4.16 million June net income.
Cash and cash equivalents on July 31 were $347,000, compared with $1.12 million at the end of June.
The Decatur, Ga., distributor of new and used vehicles filed for bankruptcy on Aug. 1, 2005. Its Chapter 11 case number is 05-12515.
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