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Pilgrim's Pride posts $12.79 million net loss for Feb. 22 to March 28
By Caroline Salls
Pittsburgh, April 17 - Pilgrim's Pride Corp. reported a $12.79 million net loss for the period of Feb. 22 to March 28 on $638.38 million in revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Northern District of Texas.
The figures showed improvement from the $14.57 million net loss posted for the period of Jan. 25 to Feb. 21 on $503.96 million in revenues.
The company had $39.65 million of total cash at March 28, compared with $40.86 million at Feb. 21.
Pilgrim's Pride, a Pittsburg, Texas-based poultry processor, filed for bankruptcy on Dec. 1. Its Chapter 11 case number is 08-45664.
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