| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Reader's Digest Association Inc. > News item |
Reader's Digest parent posts $3.1 million operating loss for May
By Jim Witters
Wilmington, Del., June 28 - RDA Holding Co., the parent of the Reader's Digest Association, Inc., posted a $3.1 million operating loss for May on revenue of $22.9 million, according to the company's monthly operating report filed June 28 with the U.S. Bankruptcy Court for the Southern District of New York.
Those figures compare to operating income of $1.4 million for April on revenue of $32.9 million.
The net loss for May was $5.1 million, falling from $61.1 million in April.
The company also reported cash and cash equivalents of $64.2 million as of May 31, down from $73.2 million at the end of April.
Reader's Digest, a subsidiary of RDA Holding Co., is a media and direct marketing company based in New York. The company filed for bankruptcy on Feb. 17 under Chapter 11 case number 13-22233.
© 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.