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Asarco post $43.90 million operating income; $46.04 million EBITDA
By Jennifer Lanning Drey
Eugene, Ore., June 2 - Asarco LLC reported $43.90 million in operating income for April on $90.02 million of revenue, according to its monthly filing with the U.S. Bankruptcy Court for the Southern District of Texas.
In March, the company posted $14.54 million in operating income on $68.26 million of revenue.
EBITDA was $46.04 million for April, up from $16.71 million in March.
Net income for April was $47.62 million, up from net income of $25.66 million in March.
Asarco ended April with $60.03 million in cash, up from $47.15 million in March.
Asarco, a Tucson, Ariz., mining company, filed for bankruptcy on Aug. 9, 2005. Its Chapter 11 case number is 05-21207.
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