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WCI Steel posts $2.89 million November operating profit
By Caroline Salls
Pittsburgh, Dec. 20 - WCI Steel Inc. reported a $2.89 million operating profit for November on sales of $67.35 million, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Northern District of Ohio.
November's numbers show an increase from a $2.68 million October operating profit on sales of $66.46 million.
The net income for November was $1.53 million, up from an October net income of $1.23 million.
Total cash on Nov. 30 was $1.17 million, compared with $12.04 million at the end of October.
The Warren, Ohio-based steel company filed for bankruptcy Sept. 16, 2003. Its Chapter 11 case number is 03-44662.
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