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Metropolitan Mortgage posts $802,268 January operating loss before taxes
By Caroline Salls
Pittsburgh, March 31 - Metropolitan Mortgage & Securities Co., Inc. reported an $802,268 operating loss before taxes in January on $155,440 in revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Eastern District of Washington.
The figures compare with a $455,021 operating loss before taxes in December on $223,074 in revenues.
The net loss for January was $517,466, up from a $279,764 December net loss.
Cash on Jan. 31 was $37.95 million, compared with $38.08 million at the end of December.
Spokane, Wash.-based Metropolitan Mortgage filed for bankruptcy on Feb. 4, 2004. Its Chapter 11 case number is 04-00757.
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