Specialty Products posts $1.62 million December net loss, no revenues

By Caroline Salls

Pittsburgh, Jan. 31 - Specialty Products Holding Corp. posted a net loss of $1.62 million for December on zero revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Specialty Products reported a $1.34 million net loss for November, also on zero revenues.

The company had $25.83 million in cash and cash equivalents at Dec. 31, down from $26.45 million at the end of November.

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 under Chapter 11 case number 10-11780.

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