Keystone Consolidated posts $248,000 April operating profit

By Caroline Salls

Pittsburgh, May 16 - Keystone Consolidated Industries, Inc. recorded a $248,000 operating profit in April on sales of $36.83 million, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Eastern District of Wisconsin.

In March, the company posted a $2.63 million operating loss on sales of $28.32 million.

The net loss for April was $65 million, up sharply from $3.38 million in March.

There was no cash reported as of April 31. Cash at the end of March was $3.82 million.

Keystone, a Dallas-based fencing and wiring company, filed for bankruptcy on Feb. 26, 2004. Its Chapter 11 case number is 04-22422.

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