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Asarco posts $3.03 million February EBITDA
By Caroline Salls
Pittsburgh, March 19 - Asarco LLC reported $3.03 million in EBITDA for February on $67.29 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 showed improvement over the $1.79 million in EBITDA posted for January on $55.47 million in sales.
The net loss for February was $219,000, narrowing from a $703,000 January net loss.
The company had $1.317 billion in cash at Feb. 28, compared with $1.315 billion at the end of January.
Asarco, a Tucson mining company, filed for bankruptcy on Aug. 9, 2005. Its Chapter 11 case number is 05-21207.
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