Chemtura operating profit improves to $9 million in November

By Caroline Salls

Pittsburgh, Dec. 15 - Chemtura Corp. reported $9 million of operating profit for November on $155 million in net sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

The figures showed improvement over the $4 million of operating profit posted for October on $150 million in net sales.

The net earnings for November were $9 million, compared to a $10 million October net loss.

The company had $89 million of cash and cash equivalents at Nov. 30, up from $86 million at the end of October.

Chemtura is a Middlebury, Conn.-based manufacturer and seller of specialty chemicals and polymer products that filed for bankruptcy on March 18, 2009. Its Chapter 11 case number is 09-11233.

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