Guaranty Financial Group posts improved $186,404 July net profit

By Caroline Salls

Pittsburgh, Aug. 16 - Guaranty Financial Group Inc. reported a net profit of $186,404 for July on zero revenues and $236,506 of non-operating income, according to its monthly operating report filed Monday with the Securities and Exchange Commission.

In comparison, the company posted a net loss of $46,789 for June, also on zero revenues.

The company had $11.05 million in cash at July 31, down from $11.11 million at the end of June.

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

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