GREENVILLE, SC -- Passives maker Kemet Corp. today reported a September quarter net loss of $1.9 million on net sales of $116.6 million.

Before special charges, net income was $1.3 million.

Chief executive Per Loof said, "The improvement in our results was a combination of higher sales volumes and our recent cost reduction actions.

Adjusted average selling prices fell 3% to 4% sequentially. Capacity utilization remains at approximately 85%.

The company in September began shipping commercial volumes of tantalum polymer capacitors from its second facility in Suzhou, China.

As of Sept. 30, Kemet had $213.0 million in cash and securities and $100 million in debt.

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