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Solutia posts $3 million March operating loss
By Caroline Salls
Pittsburgh, April 28 - Solutia Inc. reported a $3 million operating loss for March on net sales of $249 million, according to a Friday filing with the Securities and Exchange Commission.
In February, the company posted a $4 million operating profit on net sales of $222 million.
The net loss for March was $15 million, up from an $8 million February net loss.
Cash was $342 million at March 31, compared with $98 million at the end of February.
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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