Kaiser Aluminum posts $14.8 million in May operating income

By Caroline Salls

Pittsburgh, June 28 - Kaiser Aluminum Corp. reported $14.8 million in operating income for May on sales of $127.43 million, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The operating income marks a decline from April's $20.69 million operating income. Sales for April were $111.68 million.

The net income for May was $9.81 million, down from a $16.72 million April net income.

Cash on May 31 was $30.7 million, compared with $36.79 million at the end of April.

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

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