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Asarco posts $10.27 million December operating income, $12.43 million EBITDA
By Caroline Salls
Pittsburgh, Jan. 25 - Asarco LLC reported a $10.27 million operating income for December on sales of $33.35 million in its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of Texas.
In November, the company posted a $223,000 operating loss on sales of $27.44 million.
EBITDA for December was $12.43 million, up from $1.44 million EBITDA in November.
The net income for December was $16.53 million, up from a $4.09 million November net income.
Cash on Dec. 31 was $11.64 million, compared with $18.94 million at the end of November.
Asarco, a Tucson, Ariz., mining company, filed for bankruptcy Aug. 9. Its Chapter 11 case number is 05-21207.
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