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Washington Mutual records $9.68 million April net loss; sales better
By Caroline Salls
Pittsburgh, June 1 - Washington Mutual, Inc. reported a $9.68 million net loss for April on negative $1.35 million of total revenues, according to its monthly operating report filed Wednesday with the Securities and Exchange Commission.
In comparison, the company posted a $3.01 million net loss for March on negative $4.05 million of total revenues.
Cash and cash equivalents were $4.525 billion at April 30, down from $4.547 billion at the end of March.
In addition, WMI Investment Corp. posted an $8,714 net loss for April on $6,293 of total revenues, compared with a $16,997 net loss for March on negative $2,318 of total revenues.
WMI had $276.33 million in cash and cash equivalents at April 30, up slightly from $276.28 million at March 31.
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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