Chemtura records $4 million operating profit for October; sales down

By Caroline Salls

Pittsburgh, Nov. 13 - Chemtura Corp. reported $4 million of operating profit for October on $150 million in net sales, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

In comparison, the company posted a $1 million operating loss for September on $171 million in net sales.

The net loss for October was $10 million, narrowing from a $12 million net loss for September.

The company had $86 million of cash and cash equivalents at Oct. 31, up from $77 million at the end of September.

Chemtura is a Middlebury, Conn.-based manufacturer and seller of specialty chemicals and polymer products that filed for bankruptcy on March 18 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 09-11233.

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