Solutia posts $4 million February operating profit

By Caroline Salls

Pittsburgh, March 31 - Solutia Inc. reported a $4 million operating profit for February on net sales of $222 million, according to an 8-K filing with the Securities and Exchange Commission.

In January, the company posted a $12 million operating profit on net sales of $229 million.

The net loss for February was $8 million, a reversal from a $1 million January net gain.

Cash on Feb. 28 was $98 million, up from $93 million at the end of January.

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 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 03-17949.

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