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Bally Total Fitness reports $7.91 million February operating loss
By Caroline Salls
Pittsburgh, March 24 - Bally Total Fitness Holding Corp. reported a $7.91 million operating loss for February on $49.05 million in net revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.
The figures compared to the $8.41 million operating loss posted for January on $50.6 million in net revenues.
The February net loss was $9.97 million, narrowing from an $11.58 million January net loss.
As of Feb. 28, Bally had $56.93 million in cash and cash equivalents, up from $53.66 million at the end of January.
Bally, a Chicago-based fitness center operator, filed for bankruptcy on Dec. 3. Its Chapter 11 case number is 08-14818.
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