PMI Group posts $1.12 million net loss for July on zero total revenue

By Caroline Salls

Pittsburgh, Aug. 20 - PMI Group, Inc. posted a net loss of $1.12 million for July on zero total revenue, according to its monthly operating report filed Aug. 20 with the U.S. Bankruptcy Court for the District of Delaware.

Those figures compare to a net loss of $788,174 for June, also on zero revenue.

The company also reported cash on hand of $192.75 million as of July 31, down from $193.85 million at the end of June.

PMI is a Walnut Creek, Calif.-based provider of residential mortgage insurance and credit enhancement products. The company filed for bankruptcy on Nov. 23, 2011 under Chapter 11 case number 11-13730.

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