Heilig-Meyers posts $60,000 September operating income

By Caroline Salls

Pittsburgh, Nov. 1 - Heilig-Meyers Co. reported $60,000 of operating income for September on $125,000 of "other" income sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Eastern District of Virginia.

The numbers compare to a $55,000 August operating income on $107,000 of other income sales.

The net loss for September was $430,000, up from a $245,000 August net loss.

Cash at Sept. 30 was $22.81 million, compared to $22.79 million at the end of August.

Heilig-Meyers, a Richmond, Va.-based furniture retailer, filed for bankruptcy on Aug. 16, 2000. Its Chapter 11 case number is 00-34533.

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