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WCI Steel posts $3.44 million December operating profit
By Caroline Salls
Pittsburgh, Jan. 20 - WCI Steel Inc. reported a $3.44 million operating profit for December on sales of $69.04 million, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Northern District of Ohio.
December's numbers show an increase from a $2.89 million operating profit for November on sales of $67.35 million.
The net income for December was $2.3 million, up from a November net income of $1.53 million.
Total cash on Dec. 31 was $7.78 million, compared with $1.13 million at the end of November.
The Warren, Ohio-based steel company filed for bankruptcy Sept. 16, 2003. Its case was transferred to the court's Akron division on Jan. 4. WCI's Chapter 11 case number is 05-81439.
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