Ormet posts positive month, but remains in red for 2013

Jan 22, 2014 | 09:14 AM | Michael Cowden

Tags  Ormet, annual net loss, bankruptcy protection, excess assets, copper rods, anodes, alumina, refinery aluminum

CHICAGO — Bankrupt aluminum producer Ormet Corp. logged a net loss of $121.3 million in 2013, according to court documents dated Jan. 21.

The annual loss came after Ormet recorded net income of $12.8 million in December, the only month of positive income for the Hannibal, Ohio-based company since it....

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