Keystone Consolidated posts $926,000 May operating profit

By Caroline Salls

Pittsburgh, June 16 - Keystone Consolidated Industries, Inc. recorded a $926,000 operating profit in May on sales of $5.41 million, according to a filing with the Securities and Exchange Commission.

In April, the company posted a $248,000 operating profit on sales of $36.83 million.

The net income for May was $532,000, compared to a $65 million net loss in April.

Cash on May 31 was $718,000. No cash was reported at the end of April.

Keystone, a Dallas-based fencing and wiring company, filed for bankruptcy on Feb. 26, 2004 with the U.S. Bankruptcy Court for the Eastern District of Wisconsin. Its Chapter 11 case number is 04-22422.

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