Solutia shows $12 million operating profit for January

By Ted A. Knutson

Washington, Feb. 28 - Solutia Inc. reported a $12 million operating profit for January on net sales of $229 million, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Southern District of New York.

In December, the company posted a $17 million operating loss on net sales of $220 million.

The net gain for January was $1 million, against a $25 million net loss in December.

Cash was $93 million on Jan. 31, down from $107 million at the end of December.

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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