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Asarco posts $1.07 million October operating loss
By Caroline Salls
Pittsburgh, Nov. 28 - Asarco LLC reported a $1.07 million operating loss for October on sales of $26.79 million, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of Texas.
In September, the company posted a $3.33 million operating profit on $27.23 million in sales.
EBITDA for October was $320,000, compared with $4.83 million in September.
The net income for October was $3.51 million, down from a September net income of $5.24 million.
Cash on Oct. 31 was $16.9 million, compared with $18.87 million at the end of September.
Asarco, a Tucson, Ariz., mining company, filed for bankruptcy Aug. 9. Its Chapter 11 case number is 05-21207.
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