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Asarco posts $78.29 million May EBITDA, $75.91 million operating income
By Caroline Salls
Pittsburgh, June 21 - Asarco LLC reported $78.29 million in EBITDA for May on $144.06 million in revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.
In April, the company posted $46.04 million in EBITDA on $90.02 million in revenues.
The operating income for May was $75.91 million, up from $43.90 million operating income for April.
The net income for May was $82.27 million, up from net income of $47.62 million in April.
Asarco ended May with $93.04 million in cash, compared with $60.03 million in April.
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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