Solutia posts $16 million November operating income

By Caroline Salls

Pittsburgh, Dec. 28 - Solutia Inc. posted a $16 million operating income for November on $317 million in net sales, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

The figures showed a decline over a $21 million October operating income on $339 million in net sales.

The net loss for November was $4 million, down from a $2 million October net income.

Cash at Nov. 30 was $166 million, compared with $160 million at the end of October.

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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