Guaranty Financial posts $286,310 April net profit, zero revenues

By Lisa Kerner

Charlotte, N.C., May 18 - Guaranty Financial Group Inc. reported a $286,310 net profit for April on zero revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Northern District of Texas.

In comparison, the company posted a $109,023 net loss for March, also on zero revenues.

The company's other income for April included insurance premium refunds of $402,049, the filing said.

Guaranty had $11.14 million in cash at April 30, up from $10.78 million at the end of March.

Guaranty Financial, a Dallas-based unitary thrift holding company, filed for bankruptcy on Aug. 27, 2009. Its Chapter 11 case number is 09-35582.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.