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Former Blockbuster reports $900,000 of net income for April, no sales
By Caroline Salls
Pittsburgh, June 15 - BB Liquidating Inc., formerly Blockbuster Inc., reported $900,000 of net income for April on zero revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, BB Liquidating posted a $700,000 net loss for March, also on zero revenues.
The company reported cash and cash equivalents of $1.5 million as of April 30, down from $34.3 million at the end of March.
Blockbuster was a Dallas-based provider of in-home movies and game entertainment. It filed for bankruptcy on Sept. 23, 2010 under Chapter 11 case number 10-14997.
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