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Friday, 05/14/2010 8:01:54 PM

Friday, May 14, 2010 8:01:54 PM

Post# of 912
Chemtura Submits April 2010 Monthly Operating Report

Chemtura Corp released their April 2010 Monthly Operating report (MOR) today. The Debtors in Posession reported an operating loss of $6 million, a net loss of $11 million and EBITDA of $9 million, net of one-time charges. The EBITDA does not consider the effects of the operations of the non-debtor subs which are not consolidated in a court filed MOR. The “investment in sub” asset account decreased by $18 million while the net income of the subs attributable to the parent shown in the “equity in earnings of sub” account came in at a positive $10 million for the month.

The debtors reported a net increase in the “Liabilities Subject to Compromise” of $127 million which was largely attributable to increases in expected allowable tort and environmental claims. The Debtors also reported shareholder’s deficit of $41 million down $167 million from the $126 million in positive shareholder equity reflected in the March 2010 MOR.



http://chemturaresearch.blogspot.com/2010/05/chemtura-submits-april-2010-mor.html

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