Solutia reports loss of $15 million for August

New York, Oct. 1 - Solutia Inc. reported a net loss of $15 million for August, counting only debtors in possession.

The company had sales of $200 million for the month and broke even on an operating basis, according to the monthly operating report filed with the U.S. Bankruptcy Court for the Southern District of New York Thursday.

Including non-United States subsidiaries that are not involved in the Chapter 11 case, net sales were $237 million, operating income $7 million and net loss $12 million.

Cash for the bankruptcy companies was $39 million as of Aug. 31 and $86 million including companies outside the Chapter 11 case.

Solutia, a St. Louis chemical company, filed for bankruptcy on Dec. 17, 2003. Its Chapter 11 case number is 03-17949.

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