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Asarco records $17.54 million EBITDA loss for October
By Caroline Salls
Pittsburgh, Nov. 20 - Asarco LLC posted a $17.54 million EBITDA loss for October on $106.71 million in sales, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of Texas.
The figures showed a decline from the $40.29 million in EBITDA posted for September on $142.18 million in sales.
The October net loss was $10.67 million, down from a $27.69 million September net income.
The company had $1.32 billion in cash at Oct. 31, compared with $1.30 billion at the end of September.
Asarco, a Tucson, Ariz., mining company, filed for bankruptcy on Aug. 9, 2005. Its Chapter 11 case number is 05-21207.
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