Specialty Products marks July net loss of $1.09 million, zero revenue

By Kali Hays

New York, Aug. 26 – Specialty Products Holding Corp. reported a net loss of $1.09 million for July on zero net revenue, according to its monthly operating report filed Aug. 26 with the U.S. Bankruptcy Court for the District of Delaware.

Those numbers compare to a net loss of $898,920 for June, also on zero net revenue.

The company had cash and cash equivalents of $23.72 million as of July 31, dropping from $31.58 million at the end of June.

Specialty Products is a subsidiary of RPM 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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