Solutia reports operating loss of $3 million for August

By Ted A. Knutson

Washington, Sept. 30 - Solutia Inc. reported an operating loss of $3 million for August, down from operating income of $14 million in July, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Southern District of New York.

Sales were $226 million, up from the previous month's total of $225 million.

The net loss in August was $10 million, down from net income of $7 million in July.

Cash on Aug. 31 was $84 million, down from $86 million on July 31.

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. Its Chapter 11 case number is 03-17949.

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