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AFA Investment reports $946,812 net loss for Aug. 26-Sept. 29 period
By Jim Witters
Wilmington, Del., Oct. 31 - AFA Investment Inc. posted a $946,812 net loss on zero net sales for the period from Aug. 26 through Sept. 29, according to the company's monthly operating report filed Oct. 31 with the U.S. Bankruptcy Court for the District of Delaware.
That compares to a $723,794 net loss for the period from July 29 through Aug. 25, also on zero net sales.
The company also reported no cash or cash equivalents as of Sept. 19, unchanged from Aug. 25.
AFA Investment is the parent company of AFA Foods Inc., a King of Prussia, Pa.-based processor of ground beef products. The company filed for bankruptcy on April 2, 2012. Its Chapter 11 case number is 12-11127.
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