Solutia posts operating loss of $4 million for November

By Ted A. Knutson

Washington, Dec. 29 - Solutia Inc. reported a $4 million operating loss for November on net sales of $233 million, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Southern District of New York.

In October, the company posted a $9 million operating loss on net sales of $215 million.

The net income for November was $35 million, up from a $21 million net loss in October.

Cash was $130 million on Nov. 30, compared with $100 million at the end of October.

Solutia, a St. Louis-based manufacturer and provider of performance films, specialty chemicals and an integrated family of nylon products, filed for bankruptcy on Dec. 17, 2003. Its Chapter 11 case number is 03-17949.

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