J&J talc unit LTL Management posts $1.63 million October net profit

By Wendy Van Sickle

Columbus, Ohio, Nov. 21 – Johnson & Johnson subsidiary LTL Management LLC reported a $1.63 million net profit for October on zero gross income or sales, according to its monthly operating report filed with the U.S. Bankruptcy Court for the District of New Jersey.

To compare, the company reported a $1.27 million net loss for September on zero gross income or sales.

The company had a cash balance of $8.93 million at the end of October, down from $10.34 million at the end of September.

Johnson & Johnson is a consumer products company based in New Brunswick, N.J. The LTL Management subsidiary filed Chapter 11 bankruptcy on Oct. 14, 2021 under case number 21-30589.

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