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Owens Corning reports operating loss of $473,000 in January
New York, April 7 - Owens Corning reported an operating loss of $473,000 in January on sales of $300.10 million, according to its monthly operating report filed with the U.S. Bankruptcy Court for the District of Delaware.
The net loss for the month was $10.80 million, largely because of $8.37 million of reorganization expenses.
Cash at the end of January was $653.81 million, down from $705.39 million at the end of December.
Owens Corning, a Toledo, Ohio-based building materials company, filed for bankruptcy on Oct. 5, 2000. Its Chapter 11 case number is 00-03837.
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