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Huffy posts $32,000 May operating income
By Caroline Salls
Pittsburgh, July 5 - Huffy Corp. reported $32,000 in operating income for May on sales of $16.39 million, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Ohio.
The operating income for April was $1.1 million on sales of $25.47 million.
The net loss for May was $811,000, up from a net loss of $366,000 in April.
Cash at May 31 was $832,000, compared to $845,000 at the end of April.
Huffy, a Miamisburg, Ohio-based bicycle and sporting goods company, filed for bankruptcy on Oct. 20, 2004. Its Chapter 11 case number is 04-39148.
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