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Hostess Brands reports negative $772,000 of EBITDA for August period
By Jim Witters
Wilmington, Del., Sept. 28 - Hostess Brands, Inc. posted negative $772,000 of EBITDA on net revenue of $181.5 million for the period of July 29 through Aug. 25, according to the company's monthly operating report filed Sept. 28 with the U.S. Bankruptcy Court for the Southern District of New York.
Those figures compare to negative EBITDA of $8.72 million on net revenue of $174.75 million during the previous reporting period.
The company also reported an operating loss of $7.23 million and a net loss of $9.4 million for the August period.
For the July period, the operating loss was $15.37 million and the net loss was $17.59 million.
Cash on hand as of Aug. 25 was $35.94 million, down from $37.3 million on July 28.
Hostess Brands, an Irving, Texas-based operator of regional bakeries, filed for bankruptcy on Jan. 11, 2012. Its Chapter 11 case number is 12-22052.
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