Solutia posts $8 million September operating loss

By Caroline Salls

Pittsburgh, Oct. 31 - Solutia Inc. reported an $8 million operating loss for September on net sales of $230 million, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.

In August, the company posted a $3 million operating loss on net sales of $226 million.

The net loss in September was $11 million, up from a $10 million net loss in August.

Cash on Sept. 30 was $82 million, compared to $84 million at the end of August.

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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