Manchester posts $2.98 million April net loss

By Caroline Salls

Pittsburgh, June 16 - Manchester Inc. reported a $2.98 million net loss for April on $7.68 million in revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Northern District of Texas.

The figures showed a decline from a $1.43 million March net loss on $7.8 million in revenues.

Cash at April 30 was $2.05 million, compared with $1.66 million at the end of March.

Manchester, a Dallas-based auto dealership that sells and finances used cars to buyers with limited credit histories or past credit problems, filed for bankruptcy on Feb. 7. Its Chapter 11 case number is 08-30703.

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