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Collins & Aikman reports $2.15 million operating profit for November
By Ted A. Knutson
Washington, Dec. 23 - Collins & Aikman Corp. reported a $2.15 million operating profit for November on sales of $163.63 million, according to a filing with the Securities and Exchange Commission.
The performance was down from a $14.17 million operating profit in October on sales of $199.71 million.
The net loss for November was $979,000 compared with a net profit of $13.22 million in October.
Cash at Nov. 30 was $81.40 million, up from $50.25 million on Oct. 31.
Collins & Aikman, a Troy, Mich.-based automotive company, filed for Chapter 11 on May 17, 2005 in the U.S. Bankruptcy Court for the Eastern District of Michigan. The case number is 05-55927.
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