Chemtura reports $40 million September operating profit; sales improve

By Caroline Salls

Pittsburgh, Oct. 15 - Chemtura Corp. posted a $40 million operating profit for September on $199 million in net sales, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

The figures showed improvement over the $7 million operating loss posted for August on $195 million in net sales.

Chemtura reported a $3 million net loss for September, narrowing from a $7 million August net loss.

The company had $111 million in cash and cash equivalents at Sept. 30, up from $75 million at the end of August.

Chemtura is a Middlebury, Conn.-based manufacturer and seller of specialty chemicals and polymer products that filed for bankruptcy on March 18, 2009 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 09-11233.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.