Solutia operating loss falls to $21 million in December

By Caroline Salls

Pittsburgh, Jan. 31 - Solutia Inc. posted a $21 million operating loss for December on $304 million in net sales, according to its monthly operating report filed Thursday with the Securities and Exchange Commission.

The figures showed a decline over a $16 million November operating income on $317 million in net sales.

The net loss for December was $144 million, widening significantly from a $4 million November net loss.

Cash at Dec. 31 was $173 million, compared with $166 million at the end of November.

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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