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Solutia posts $16 million January operating income
By Caroline Salls
Pittsburgh, Feb. 28 - Solutia Inc. posted a $16 million operating income for January on $244 million in net sales, according to its monthly operating report filed Wednesday with the Securities and Exchange Commission.
The figures show significant improvement from a $9 million December operating loss on $216 million in net sales.
The net loss for January declined to $2 million from a net loss of $24 million in December.
Cash on Jan. 31 was $204 million, compared with $150 million on Dec. 31.
Solutia, a St. Louis-based manufacturer and provider of performance films, specialty chemicals and an integrated family of nylon products, filed for bankruptcy on Dec. 17, 2003 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 03-17949.
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