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W.R. Grace posts $21.48 million April loss before reorganization expenses, taxes
By Caroline Salls
Pittsburgh, June 2 - W.R. Grace & Co. reported a loss before reorganization expenses, income taxes, minority interest and equity in net income of non-filing entities of $21.48 million for April on sales of $80.14 million, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
The April numbers compare to a $7.3 million loss in March on sales of $75.82 million.
The company reported a net loss of $2.05 million in April, down from a net loss of $5.54 million in March.
Cash on April 30 was $275.71 million, compared to $275.86 million at the end of March.
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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