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Lyondell posts $13 million March operating loss on $1.2 billion of sales
By Caroline Salls
Pittsburgh, May 1 - Lyondell Chemical Co. reported a $13 million operating loss for March on $1.203 billion in sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.
The net loss for the month was $446 million.
The company had $419 million in cash and cash equivalents at March 31.
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. The Chapter 11 case number is 09-10023.
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