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Owens Corning posts $14.8 million March income from operations
By Caroline Salls
Pittsburgh, July 6 - Owens Corning reported a $14.8 million income from operations for March on $390.29 million in net sales, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.
The figures show significant improvement from a $17.5 million February loss from operations on net sales of $351 million.
The net income for March was $3.28 million, up from a $296,000 February net loss.
Cash on March 31 was $960.54 million, compared with $935 million at the end of February.
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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