Oglebay Norton reports $383,000 loss for August

By Jeff Pines

Washington, Oct. 12 - Oglebay Norton Co. reported a $383,000 loss on revenues of $45.4 million for August, according to an amended monthly report filed with the U.S. Bankruptcy Court for the District of Delaware Monday.

For the month, the Cleveland-based minerals company reported an operating income of $4.65 million.

For the period from Feb. 23, when Oglebay Norton filed for bankruptcy, to Aug. 31, the company reported a loss of $9.95 million on revenues of $242.9 million. The operating income was $22 million for the same period.

On Aug. 31, Oglebay Norton had cash and cash equivalents of $6.37 million.

The company's Chapter 11 case number is 04-10558.

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