Solutia shows operating loss of $17 million for December

By Ted A. Knutson

Washington, Jan. 31 - Solutia Inc. reported a $17 million operating loss for December on net sales of $220 million, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Southern District of New York.

In November, the company posted a $4 million operating loss on net sales of $233 million.

The net loss for December was $25 million, against a $35 million net loss in November.

Cash was $107 million on Dec. 31, down from $130 million at the end of November.

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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