Asarco reports $41.38 million August operating income

By Caroline Salls

Pittsburgh, Sept. 21 - Asarco LLC reported $41.38 million in operating income for August on sales of $139.88 million, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of Texas.

In comparison, the company posted a $61.97 million operating income for July on sales of $139.26 million.

The net income for August was $25.27 million, down from a $41.93 million July net income.

The company reported cash of $750.46 million at Aug. 31, compared with $713.97 million at the end of July.

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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