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Owens Corning posts $35.75 million June income from operations
By Jennifer Lanning Drey
Eugene, Ore., Sept. 25 - Owens Corning reported a $35.75 million income from operations for June on $402.62 million in net sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
The figures compare with a $33.02 million income from operations for May on $391.55 million in net sales.
The net income for June was $160.11 million, compared to $2.36 million in May.
Cash on June 30 was $1.08 billion, compared with $1.01 billion at the end of May.
Owens Corning, a Toledo, Ohio, building materials company, filed for bankruptcy on Oct. 5, 2000. Its Chapter 11 case number is 00-3837.
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