Lyondell posts $64 million September operating income, net loss drops

By Caroline Salls

Pittsburgh, Oct. 30 - Lyondell Chemical Co. reported $64 million of operating income for September on $1.594 billion in sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.

The figures showed a decline from the $82 million of operating income posted for August on $1.755 billion in sales.

The net loss for September was $436 million, declining significantly from $1 million of August net income.

Lyondell had $360 million of cash and cash equivalents at Sept. 30, up from $223 million at the end of August.

Lyondell is a U.S. subsidiary of LyondellBasell Industries AF SCA, a Netherlands-based polymer, petrochemicals and fuels company. LyondellBasell's U.S. operations and one of its European holding companies filed for bankruptcy on Jan. 6, 2009. The Chapter 11 case number is 09-10023.

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