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Asarco shows $223,000 November operating income
By Caroline Salls
Pittsburgh, Dec. 27 - Asarco LLC reported a $223,000 November operating income on sales of $27.44 million, according to its monthly operating report filed Dec. 27 with the U.S. Bankruptcy Court for the Southern District of Texas.
In October, the company posted a $1.07 million operating loss on sales of $26.79 million.
EBITDA for November was $1.44 million, up from $320,000 EBITDA in October.
The net income for November was $4.09 million, up from a $3.51 million October net income.
Cash on Nov. 30 was $18.94 million, compared with $16.9 million at the end of October.
Asarco, a Tucson, Ariz., mining company, filed for bankruptcy Aug. 9. Its Chapter 11 case number is 05-21207.
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