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WCI Steel posts $3.65 million March operating profit
By Caroline Salls
Pittsburgh, April 20 - WCI Steel Inc. reported a $3.65 million operating profit for March on net sales of $83 million, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Northern District of Ohio.
The operating profit is up slightly from a $3.01 million February operating profit on net sales of $74.71 million.
The net profit for March was $3.08 million, up from a $2.04 million February net profit.
Total cash on March 31 was $3.16 million, compared with $6.55 million at the end of February.
The Warren, Ohio-based steel company filed for bankruptcy on Sept. 16, 2003. Its case was transferred to the court's Akron division on Jan. 4, 2005. WCI's Chapter 11 case number is 05-81439.
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