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AIG Financial Products reports $1.21 million net profit for June
By Sarah Lizee
Olympia, Wash., July 24 – American International Group, Inc. subsidiary AIG Financial Products Corp. reported a $1.21 million net profit for June on $2.33 million of gross income/sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.
To compare, the company reported a $3.05 million net profit for May on $2.78 million of gross income/sales.
The cash balance at the end of June was $22.73 million, the same as at the end of May.
The Wilton, Conn.-based financial products company filed Chapter 11 bankruptcy on Dec. 14, 2022 under case number 22-11309.
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