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Lyondell posts $53 million June operating loss on $1.54 billion sales
By Caroline Salls
Pittsburgh, July 31 - Lyondell Chemical Co. reported a $53 million operating loss for June on $1.536 billion in sales, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.
The figures compared to a $5 million operating loss posted in May on $1.412 billion in sales.
The net loss for June was $210 million, widening significantly from a $63 million May net loss.
Lyondell had $495 million of cash and cash equivalents at June 30, up from $449 million at the end of May.
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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