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Momentive Performance posts operating loss of $3.67 million for June
By Kali Hays
New York, Aug. 1 – Momentive Performance Materials, Inc. reported a $3.67 million operating loss for June on $101.86 million in net sales, according to its monthly operating report filed July 31 with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, Momentive posted a $10.6 million operating loss for May on net sales of $96.51 million.
The net loss for June was $30.07 million, growing from $20.42 million in May.
The company also reported $26.84 million in cash and cash equivalents as of June 30, up slightly from $26.8 million at May 31.
Momentive, a silicones and advanced materials company based in Albany, N.Y., filed for bankruptcy on April 13 in the U.S. Bankruptcy Court for the Southern District of New York. The Chapter 11 case number is 14-22503.
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