VIP Cinema Holdings reports $734,000 loss from operations for July

By Sarah Lizee

Olympia, Wash., Sept. 25 – VIP Cinema Holdings, Inc. reported a $734,000 loss from operations for July on $68,000 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 July was $200.39 million.

In addition, VIP Cinema had $3.56 million in cash and cash equivalents as of July 31.

VIP Cinema is a New Albany, Miss.-based cinema seating company. The company filed bankruptcy on Feb. 18, 2020 under Chapter 11 case number 20-10345.

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