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Printing Solutions posts $58.52 million September operating loss
By Alice Popovici
New York, Oct. 27 - Printing Solutions LP, formerly TallyGenicom LP, reported a $58.52 million operating loss for September on $2.02 billion in sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, in August the company reported a $305.38 million operating income on $1.84 billion in sales.
The net income for September was $7.43 million, up from a $148.51 million net loss in August.
Printing Solutions had $571.33 million in cash and cash equivalents at Sept. 30, down from $705.34 million at the end of August.
Printing Solutions, a Chantilly, Va., provider of printing solutions, filed for bankruptcy on Jan. 29, 2009. Its Chapter 11 case number is 09-10266.
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