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Marcal Paper Mills reports $870,000 March operating loss
By Caroline Salls
Pittsburgh, May 13 - Marcal Paper Mills, Inc. reported an $870,000 operating loss for March on $30.85 million in sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of New Jersey.
The figures compared to a $1.35 million operating loss recorded in February on $33.47 million in sales.
The net loss for March was $3.41 million, narrowing from a $4.98 million February net loss.
Cash on March 31 was $4.11 million, compared with $2.62 million at the end of February.
Marcal Paper Mills, an Elmwood Park, N.J., manufacturer and distributor of bath tissue, kitchen towels, napkins and facial tissue, filed for bankruptcy on Nov. 30, 2006. Its Chapter 11 case number is 06-21886.
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