Filing Reveals Tops' Q1 Profit

Tops Friendly Markets posted net income of $11.96 million in the 16-week first quarter that ended April 24, the company said in a federal filing in connection with a debt offering.

WILLIAMSVILLE, N.Y. — Tops Friendly Markets here posted net income of $11.96 million in the 16-week first quarter that ended April 24, the company said in a federal filing made this week in connection with a debt offering.

The profits — which came after an income-tax benefit of $13.34 million and gains recognized on the value of the acquired Penn Traffic stores — reversed a yea

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