Asarco posts $68.12 million in May EBITDA

By Jennifer Lanning Drey

Portland, Ore., June 20 - Asarco LLC posted $68.12 million in EBITDA for May on $156.62 million in sales, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of Texas.

The figures compared to $65.74 million in EBITDA on $163.72 million in sales for April.

Net income for May was $40.72 million, compared with $40.66 million in April net income.

The company reported $1.063 billion in cash at May 31, up from $967.60 million at April 30.

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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