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Chemtura posts $8 million June operating profit, net sales improve
By Jennifer Lanning Drey
Portland, Ore., July 15 - Chemtura Corp. reported an $8 million operating profit for June on $199 million in net sales, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of New York.
The figures compared to a $7 million operating profit posted for May on $177 million in net sales.
June net income was $1 million, versus a net loss of $7 million in May.
Chemtura had $39 million of cash and cash equivalents at June 30, up from $30 million at the end of May.
Chemtura is a Middlebury, Conn.-based manufacturer and seller of specialty chemicals and polymer products that filed for bankruptcy on March 18. Its Chapter 11 case number is 09-11233.
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