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WCI posts $2.68 million October operating profit
By Caroline Salls
Pittsburgh, Nov. 23 - WCI Steel Inc. reported a $2.68 million operating profit for October on sales of $66.46 million, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Northern District of Ohio.
October's numbers show an increase from a $5.79 million operating loss for September on sales of $60.84 million.
The net income for October was $1.23 million, up from a September net loss of $6.20 million.
Total cash on Oct. 31 was $12.04 million, compared with $9.76 million at the end of September.
The Warren, Ohio-based steel company filed for bankruptcy Sept. 16, 2003. Its Chapter 11 case number is 03-44662.
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