Solutia posts $2 million April operating loss

By Caroline Salls

Pittsburgh, May 30 - Solutia Inc. reported a $2 million operating loss for April on net sales of $187 million, according to a Tuesday filing with Securities and Exchange Commission.

In March, the company posted a $3 million operating loss on net sales of $249 million.

The net loss for April was $8 million, down from a $15 million March net loss.

Cash on April 30 was $155 million, compared with $342 million at the end of March.

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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