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AIG Financial Products reports $1.52 million net profit for March
By Sarah Lizee
Olympia, Wash., April 23 – American International Group, Inc. subsidiary AIG Financial Products Corp. reported a $1.52 million net profit for March on $2.13 million gross income/sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
To compare, the company reported a $464,540 net loss for February on $164,688 gross income/sales.
The cash balance at the end of March was $61.03 million, down from $62.24 million at the end of February.
The Wilton, Conn.-based financial products company filed Chapter 11 bankruptcy on Dec. 14, 2022 under case number 22-11309.
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