PENN TRAFFIC CITES RISE IN OPERATING CASH FLOW

SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it is optimistic about its longterm prospects for same-store sales and for operating cash flow for the fiscal year.2 million, while sales were down 3.6% to $592.6 million following the sale or closure of approximately 30 stores during the prior 12 months.The company said it had a net loss of $26.7 million after recording a noncash charge of $27.3

SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it is optimistic about its longterm prospects for same-store sales and for operating cash flow for the fiscal year.

2 million, while sales were down 3.6% to $592.6 million following the sale or closure of approximately 30 stores during the prior 12 months.

The company said it had a net loss of $26.7 million after recording a noncash charge of $27.3 million for amortization of excess reorganization value following its finan

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