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Specialty Products net loss grows slightly to $1.28 million in March
By Caroline Salls
Pittsburgh, May 2 - Specialty Products Holding Corp. reported a $1.28 million net loss for March on zero revenues, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Specialty Products posted a $1.27 million net loss for February, also on zero revenues.
The company had $5.13 million in cash and cash equivalents at March 31, down from $7.85 million at the end of February.
Specialty Products is a subsidiary of RMP International Inc., a Medina, Ohio-based producer of specialty chemicals. The subsidiary filed for bankruptcy on May 31, 2010, and its Chapter 11 case number is 10-11780.
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