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Asarco EBITDA falls to $66.04 million in June
By Caroline Salls
Pittsburgh, July 22 - Asarco LLC posted $66.04 million in EBITDA for June on $150.13 million in sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.
The figures showed a decline from $68.12 million in EBITDA reported in May on $156.62 million in sales.
Net income for June was $36.43 million, down from $40.72 million in May net income.
The company reported $1.156 billion in cash at June 30, compared with $1.063 billion at the end of May.
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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