Asarco reports $46.71 million June operating income

By Caroline Salls

Pittsburgh, July 20 - Asarco LLC reported $46.71 million in operating income for June on sales of $132.05 million, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of Texas.

In May, the company posted a $53.77 million operating income on sales of $162.49 million.

Net income for June was $30.93 million, declining from a $35.58 million May net income.

The company reported cash of $649.78 million at June 30, compared with $573.88 million at the end of May.

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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