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Asarco EBITDA falls to $59.94 million in July
By Caroline Salls
Pittsburgh, Aug. 20 - Asarco LLC posted $59.94 million in EBITDA for July on $164.42 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 compared to a $66.04 million EBITDA recorded in June on $150.13 million in sales.
Net income for July was $33.87 million, down from a $36.43 million June net income.
The company reported $1.184 billion in cash at July 31, compared with $1.156 billion at the end of June.
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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