Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Allied Holdings, Inc. > News item |
Allied Holdings posts $2.87 million January operating loss
By Caroline Salls
Pittsburgh, March 1 - Allied Holdings, Inc. recorded a $2.87 million operating loss for January on revenues of $74.77 million, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Northern District of Georgia.
The figures compare with a $3.42 million December operating loss on revenues of $76.05 million.
The net loss for January was $5.97 million, improved from a $6.59 million December net loss.
Cash and cash equivalents at Jan. 31 were $204,000, compared with $730,000 at the end of December.
The Decatur, Ga., distributor of new and used vehicles filed for bankruptcy on Aug. 1, 2005. Its Chapter 11 case number is 05-12515.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.