Specialty Products posts $1.3 million August net loss on zero revenue

By Jim Witters

Wilmington, Del., Sept. 30 - Specialty Products Holding Corp. posted a net loss of $1.3 million on zero revenue in August, according to the company's monthly operating report filed Thursday in the U.S. Bankruptcy Court for the District of Delaware.

Those figures compare with a net loss of $1.03 million on zero revenue in July.

The company reported cash of $24.83 million as of Aug. 31, down from $30.65 million at the end of July.

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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