Oglebay Norton loses $2.61 million in October

By Jeff Pines

Washington, Nov. 30 - Oglebay Norton Co. reported a $2.61 million loss in October on sales of $42.41 million, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

It posted a $7.07 million loss in September on sales of $41.91 million, with an operating gain of $1.39 million.

Since filing for bankruptcy on Feb. 23, 2004, the Cleveland-based minerals and aggregates company has lost $21.06 million on sales of $327.22 million with an operating income of $23.13 million.

Cash and cash equivalents on Oct. 31 were $14.37 million compared with $9.33 million on Sept. 30.

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

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