Solutia shows $16 million July operating income

By Caroline Salls

Pittsburgh, Aug. 30 - Solutia Inc. reported $16 million in operating income for July on net sales of $236 million, according to a Wednesday filing with the Securities and Exchange Commission.

The figures show a decline from a $38 million June operating income on net sales of $275 million.

The net income for July was $2 million, down from a $32 million June net income.

Cash on July 31 was $210 million, compared with $265 million at the end of June.

Solutia, a St. Louis-based manufacturer and provider of performance films, specialty chemicals and an integrated family of nylon products, filed for bankruptcy on Dec. 17, 2003 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 03-17949.

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