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Published on 4/29/2005 in the Prospect News Distressed Debt Daily.

Solutia posts $11 million March operating income

By Caroline Salls

Pittsburgh, April 29 - Solutia Inc. reported operating income of $11 million for March on sales of $256 million, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.

The operating income was up from $2 million in February on sales of $233 million.

Net income for March was $12 million, compared with $5 million in February.

Cash on March 31 was $66 million.

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


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