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W.R. Grace posts $6.53 million August operating loss
By Caroline Salls
Pittsburgh, Oct. 4 - W.R. Grace & Co. recorded a $6.53 million operating loss in August on net sales to third parties of $86.88 million, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
In July, the company posted a $10.32 million operating loss on $74.61 million in net sales to third parties.
The net loss for August was $7.72 million, down from a $9.88 million July net loss.
Cash and cash equivalents at Aug. 31 were $235.97 million, compared to $235.16 million at the end of July.
W.R. Grace, a Columbia, Md.-based specialty chemicals company, filed for bankruptcy on April 2, 2001. Its Chapter 11 case number is 01-01139.
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