Solutia reports $21 million October operating income

By Caroline Salls

Pittsburgh, Nov. 30 - Solutia Inc. posted a $21 million operating income for October on $339 million in net sales, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

In September, the company reported a $34 million operating income on $322 million in net sales.

The net income for October was $2 million, improving from a $125 million September net loss.

Cash at Oct. 31 was $160 million, compared with $220 million at the end of September.

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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