By NEIL HARTNELL
Tribune Business Editor
City Markets is a "conservative" six months away from returning to profitability, its chief financial officer said yesterday, largely attributing its more than $5 million 'net loss before extraordinary items' in the fiscal 2011 third quarter to "cleaning up the books".
Philip Kemp told Tribune Business that the nine-store supermarket chain was "pretty close" to internal budget expectations for the three month period to March 9, 2011, with the forgiveness of some $15.452 million in long-term and related party debt incurred under the previous BSL Holdings ownership ensuring the company remained in the black.
Still, desp ...
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