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Solutia reports $16 million June operating income
New York, Aug. 1 - Solutia Inc. reported operating income of $16 million for June, up from $9 million in May, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.
Sales were unchanged from the previous month at $246 million.
Net income was $6 million, up from $2 million in June.
Cash at June 30 was $79 million, up from $75 million a month earlier.
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. Its Chapter 11 case number is 03-17949.
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