Asarco posts $37.84 million March EBITDA, sales of $79.2 million

By Caroline Salls

Pittsburgh, April 27 - Asarco LLC reported $37.84 million in EBITDA for March on $79.2 million in sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of Texas.

The figures showed improvement over the $3.03 million EBITDA posted in February on $67.29 million in sales.

The net income for March was $20.4 million, better than the $219,000 net loss reported in February.

The company had $1.318 billion in cash at March 31, compared with $1.317 billion at the end of February.

Asarco, a Tucson mining company, filed for bankruptcy on Aug. 9, 2005. Its Chapter 11 case number is 05-21207.

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