Washington, DC, November 10, 2005—According to a report filed by Solutia Inc. with the Securities and Exchange Commission, in the third quarter ended Sept. 30, the company reported sales quarterly of $676 million verses $678 million in the same period of 2004.
In the quarter the company reported a loss of $15 million compared with a loss of $18 million in the same quarter of the prior year. The earnings per share loss in the quarter was $0.14 verses a loss of $0.17 in the third quarter of 2004.
Separately, Solutia restated its monthly results for September to a $12 million net loss from previously reported $11 million net loss, to reflect an adjustment, according to a Form 8-K filed with the SEC Wednesday.
Solutia has been operating under Chapter 11 bankruptcy protection since December 2003. Companies under Chapter 11 bankruptcy protection must submit monthly operating reports to the court overseeing their case.
