Washington Mutual net loss grows to $9.15 million in March; sales up

By Caroline Salls

Pittsburgh, April 30 - Washington Mutual, Inc. reported a $9.15 million net loss for March on $209,714 in total revenues, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

In comparison, the company posted a $6.65 million net loss for February on $91,723 in total revenues.

Cash and cash equivalents at Mach 31 were $4.566 billion, down from $4.568 billion at the end of February.

In addition, WMI Investment Corp. posted a $21,909 net loss for March on negative $7,436 in revenues, declining from the $935 net profit posted for February on $15,418 in total revenues.

WMI had $275.27 million in cash and cash equivalents at March 31, up from $275.25 million at Feb. 28.

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.

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