Anyone still following this dog--will it survive?
TAMPA, Fla., Dec. 29 /PRNewswire/ -- Harvard Industries, Inc.,
(Debtor-In-Possession "DIP"), a major producer of OEM automotive parts
and accessories today filed their Annual Report on Form 10K for the year ended
September 30, 1997.
Consolidated net sales amounted to $810,769,000 for the year ended
September 30, 1997, compared with $824,837,000 for 1996.
After deducting accrued dividends and accretions of $10,142,000 related
to the Company's 14-1/4% PIK Preferred Stock, the net loss for the year ended
September 30, 1997 attributable to common shareholders was
$399,571,000. In 1996, after deducting accrued dividends and accretions
of $14,844,000, the net loss attributed to common shareholders was
$83,556,000. |
