LandAmerica reports $1.92 million gain on $6.25 million for February

By Caroline Salls

Pittsburgh, April 20 - LandAmerica Financial Group, Inc. posted a $1.92 million net gain for February on $6.25 million in total revenues, according to its monthly operating report filed Monday with the Securities and Exchange Commission.

The figures showed improvement over a $12.97 million net loss reported in January on negative $9.74 million in total revenues.

As of Feb. 28, the company had $100.25 million in cash and cash equivalents, compared with $97.1 million at the end of January.

LandAmerica, a title insurance underwriter based in Glen Allen, Va., filed for bankruptcy on Nov. 26 in the U.S. Bankruptcy Court for the Eastern District of Virginia. Its Chapter 11 case number is 08-35994.

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