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LandAmerica Financial Group posts $7.88 million net loss for June
By Caroline Salls
Pittsburgh, Aug. 19 - LandAmerica Financial Group, Inc. posted a $7.88 million net loss for June on negative revenues of $991,000, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Eastern District of Virginia.
The figures showed improvement over the $9.89 million net loss reported in May on negative revenues of $13.16 million.
As of June 30, the company had $78.89 million in cash and cash equivalents, down from $80.71 million at the end of May.
LandAmerica, a title insurance underwriter based in Glen Allen, Va., filed for bankruptcy on Nov. 26, 2008. Its Chapter 11 case number is 08-35994.
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