Kaiser Aluminum posts $10.4 million first-quarter operating income

By Caroline Salls

Pittsburgh, May 13 - Kaiser Aluminum Corp. reported a $10.4 million operating income for the first quarter of 2005 on sales of $281.4 million, according to a company news release.

In the first quarter of 2004, Kaiser posted a $10.3 million operating loss on sales of $210.2 million.

The net income for the three months ended March 31 was $8.3 million, compared to a $64 million net loss in the same period of 2004.

Total assets were $1.88 billion, the same as in the first quarter of 2004.

Kaiser, a Houston-based aluminum company, filed for bankruptcy on Feb. 12, 2002 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 02-10429.

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