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Owens Corning posts $14.47 million November operating income
By Caroline Salls
Pittsburgh, Jan. 23 - Owens Corning reported $14.47 million in operating income for November on net sales of $397.31 million, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
The numbers show a decline from $39.01 million in operating income during October on $427.64 million in net sales.
The net loss for November was $4.58 million, compared with $7.75 million in net income for October.
Cash on Nov. 30 was $966.28 million, up from $894.81 million at the end of October.
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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