Caption: Allied SupermarketsBy STUART ELLIOTTFree Press Buisness WriterAllied Supermarkets Inc. Thursday reported a profit on operations during its fiscal fouth quarter ending June 30, the first earnings from operations in almost four years.Losses for the entire fiscal year, also ending June 30, totaled $31.4 million, the largest annual loss in the troubled firm's history. Most of the loss was to the closing of Allied's giant Livonia warehouse-office complex and 30 supermarkets.Allied operates 35 Great Scott supermarkets in Michigan, 49 Humpty, Ideal and K mart stores in four other states and the Abner Wolf Wholesale Co. Allied has been under federal bankruptcy proceedings since last November.THE PROFIT ON OPERATIONS for the fourth quarter amounted to @207,000. There also was other income of $194,000, for a total fourth-quarter profit of $401,000, or seven cents a share. The seven weeks since July 1, the start of the first quarter of fiscal 1980, also have been profitable, the company said.
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