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Asarco reports $1.79 million January EBITDA
By Caroline Salls
Pittsburgh, Feb. 27 - Asarco LLC reported $1.79 million in EBITDA for January on $55.47 million in sales, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.
The figures compare with $33.59 million negative EBITDA recorded in December on $48.84 million in sales.
The net loss for January was $703,000, narrowing from a $20.77 million December net loss.
The company had $1.315 billion in cash at Jan. 31, compared with $1.324 billion at the end of December.
Asarco, a Tucson mining company, filed for bankruptcy on Aug. 9, 2005. Its Chapter 11 case number is 05-21207.
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