PENN TRAFFIC POSTS PROFIT

SYRACUSE, N.Y. -- Penn Traffic here, which has filed a plan of reorganization with the U.S. Bankruptcy Court, said sales for the five-week period ended July 31 totaled $130.3 million, with a net income of $1.2 million and an operating income of $4.9 million.ion plan. Penn Traffic officials said the company hopes to emerge from bankruptcy in late October or early November, approximately 17 months after

SYRACUSE, N.Y. -- Penn Traffic here, which has filed a plan of reorganization with the U.S. Bankruptcy Court, said sales for the five-week period ended July 31 totaled $130.3 million, with a net income of $1.2 million and an operating income of $4.9 million.

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