Lyondell reports improved $10 million operating income for February

By Caroline Salls

Pittsburgh, March 30 - Lyondell Chemical Co. reported $10 million of operating income for February on $1.858 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 $55 million operating loss posted for January on $1.796 billion in sales.

The February net loss was $129 million, narrowing from a $139 million January net loss.

Lyondell had $377 million of cash and cash equivalents at Feb. 28, up from $340 million at the end of January.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.