Washington Mutual net loss improves to $2.79 million in December

By Caroline Salls

Pittsburgh, Feb. 2 - Washington Mutual, Inc. reported a $2.79 million net loss for December on $12.65 million in total revenues, according to its monthly operating report filed Tuesday with the Securities and Exchange Commission.

The figures showed improvement over the $7.51 million net loss posted for November on negative $978,281 in total revenues.

Cash and cash equivalents at Dec. 31 were $4.579 billion, down from $4.581 billion at the end of November.

In addition, WMI Investment Corp. posted an $18.43 million net profit for December on $18.75 million in total revenues, compared with a $25,026 net profit for November on $39,412 of total revenues.

WMI had $275.26 million in cash and cash equivalents at Dec. 31, up from $275.23 million at Nov. 30.

Washington Mutual, a Seattle-based savings and loan holding company, filed for Chapter 11 bankruptcy on Sept. 26, 2008 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 08-12229.

© 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.