Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Solutia Inc. > News item |
Solutia posts operating loss of $4 million for November
By Ted A. Knutson
Washington, Dec. 29 - Solutia Inc. reported a $4 million operating loss for November on net sales of $233 million, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Southern District of New York.
In October, the company posted a $9 million operating loss on net sales of $215 million.
The net income for November was $35 million, up from a $21 million net loss in October.
Cash was $130 million on Nov. 30, compared with $100 million at the end of October.
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.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.