Asarco posts $73.69 million September operating income

By Caroline Salls

Pittsburgh, Oct. 23 - Asarco LLC reported a $73.69 million operating income for September on sales of $182.98 million, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of Texas.

In comparison, the company posted a $41.38 million operating income for August on sales of $139.88 million.

The net income for September was $47.54 million, improving from a $25.27 million August net income.

The company reported cash of $838.15 million at Sept. 30, compared with $750.46 million at the end of August.

Asarco is a Tucson, Ariz.-based mining company. It filed for bankruptcy on Aug. 9, 2005. Its Chapter 11 case number is 05-21207.

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