Asarco EBITDA slides to $40.29 million in September

By Caroline Salls

Pittsburgh, Oct. 24 - Asarco LLC posted $40.29 million in EBITDA for September on $142.18 million in sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of Texas.

The figures showed a decline from the $49.42 million in EBITDA reported for August on $161.61 million of sales.

Net income for September was $27.69 million, down from a $33.22 million August net income.

The company had $1.30 billion in cash at Sept. 30, compared with $1.27 billion at the end of August.

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.