Specialty Products Holding net loss shrinks to $427,772 in September

By Caroline Salls

Pittsburgh, Oct. 31 – Specialty Products Holding Corp. reported a net loss of $427,772 for September on zero net revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

Those numbers compare to a $940,118 net loss posted for August, also on zero net revenue.

The company had cash and cash equivalents of $27.61 million as of Sept. 30, up from $24.43 million at the end of August.

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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