Kaiser Aluminum nets $1.77 million in October

By Jeff Pines

Washington, Nov. 30 - Kaiser Aluminum Corp. earned $1.77 million in October on sales of $98.74 million with an operating income of $6.54 million, according to the company's monthly operating report filed with the U.S. Bankruptcy Court for the District of Delaware Tuesday.

In the previous month, Kaiser recorded a $142.7 million loss on sales of $120.6 million with an operating loss of nearly $136 million. Total costs and expenses in September were $256.57 million compared with $92.2 million in October.

Cash on Oct. 31 was $31.38 million compared with $29.17 million on Sept. 30.

Kaiser, a Houston-based aluminum company, filed for bankruptcy on Feb. 12, 2002. The company's Chapter 11 case number is 02-10429.

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