Lyondell operating income improves to $82 million in August; sales up

By Caroline Salls

Pittsburgh, Sept. 29 - Lyondell Chemical Co. reported $82 million of operating income for August on $1.755 billion in sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

The figures showed improvement over the $28 million of operating income posted in July on $1.55 billion in sales.

The net income for August was $1 million, down from $36 million in July net income.

Lyondell had $223 million of cash and cash equivalents at Aug. 31, compared with $249 million at the end of July.

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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