PENN TRAFFIC DECREASES LOSS IN FIRST QUARTER

SYRACUSE, N.Y. -- Penn Traffic Co. here reported record sales, cash flow and operating income for the first quarter ended April 30.Cash flow increased 6% to $55.1 million, while operating income rose 5.8% to $33.4 million. Sales for the quarter increased 6.3% to $810 million and same-store sales increased 0.9%.Penn Traffic, a 232-store operation, reported a loss of $5.8 million in the quarter, compared

SYRACUSE, N.Y. -- Penn Traffic Co. here reported record sales, cash flow and operating income for the first quarter ended April 30.

Cash flow increased 6% to $55.1 million, while operating income rose 5.8% to $33.4 million. Sales for the quarter increased 6.3% to $810 million and same-store sales increased 0.9%.

Penn Traffic, a 232-store operation, reported a loss of $5.8 million in the quarter, compared with a loss of $17.3 million last year. Income before extraordinary items

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