Specialty Products Holding reports November net loss of $4.54 million

By Jim Witters

Wilmington, Del., Dec. 31 - Specialty Products Holding Corp. posted a $4.54 million net loss for November on zero revenue, according to the company's monthly operating report filed Dec. 31 with the U.S. Bankruptcy Court for the District of Delaware.

The figures compare to a $2.5 million net loss on zero revenue in October.

The company also reported cash and cash equivalents of $9.62 million as of Nov. 30, down from $17.53 million at the end of October.

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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