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VIP Cinema sees $1.07 million operating income for Feb. 18-March 31
By Caroline Salls
Pittsburgh, May 7 – VIP Cinema Holdings, Inc. reported $1.07 million of income from operations for the period of Feb. 18 through March 31 on $4.82 million in net sales, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
The net loss for the period was $5.04 million.
In addition, VIP Cinema had $9.7 million in cash and cash equivalents as of March 31.
VIP Cinema is a New Albany, Miss.-based cinema seating company. The company filed bankruptcy on Feb. 18 under Chapter 11 case number 20-10345.
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