Specialty Products Holding sees net loss double to $834,688 in October

By Kali Hays

New York, Dec. 1 – Specialty Products Holding Corp. reported a net loss of $834,688 for October on zero net revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Specialty Products posted a net loss of $427,772 in September, also on zero net revenue.

The company had cash and cash equivalents of $32.03 million as of Oct. 31, increasing from $27.61 million at the end of September.

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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