Asarco reports $62.47 million November EBITDA

By Caroline Salls

Pittsburgh, Dec. 20 - Asarco LLC reported $62.47 million in EBITDA for November on $155.48 million in sales, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of Texas.

In October, the company posted EBITDA of $60.98 million on $203.77 million in sales.

The net income for November was $40.65 million, widening from $34.08 million in net income for October.

Cash on Nov. 30 was $949.71 million, compared with $899.27 million at the end of October.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.