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Lyondell operating income falls to $2 million in October, sales up
By Caroline Salls
Pittsburgh, Dec. 1 - Lyondell Chemical Co. reported $2 million of operating income for October on $1.673 billion in sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.
In September, the company posted $64 million of operating income on $1.594 billion in sales.
The net loss for October was $25 million, narrowing from a $436 million September net loss.
Lyondell had $344 million of cash and cash equivalents at Oct. 31, down from $360 million at the end of September.
Lyondell is a U.S. subsidiary of LyondellBasell Industries AF SCA, a Netherlands-based polymer, petrochemicals and fuels company. LyondellBasell's U.S. operations and one of its European holding companies filed for bankruptcy on Jan. 6, 2009. The Chapter 11 case number is 09-10023.
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