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Former Rockport reports $1.2 million net profit for February
By Sarah Lizee
Olympia, Wash., March 22 – RP Co. Liquidating, LLC, formerly Rockport Co., LLC, reported a $1.2 million net profit for February on $10,020 gross income/sales, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, the company reported a $612,241 net profit for January on negative $1,046 of gross income/sales.
The cash balance at the end of February was $1.63 million, down from $5.57 million at the end of January.
Rockport, a West Newton, Mass.-based footwear company, filed its first bankruptcy case on May 14, 2018, and emerged from those proceedings on Dec. 31, 2018. The company filed bankruptcy a second time on June 14, 2023 under Chapter 11 case number 23-10774.
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