Washington Mutual posts $7.51 million November net loss; sales fall

By Caroline Salls

Pittsburgh, Dec. 31 - Washington Mutual, Inc. reported a $7.51 million net loss for November on negative $978,281 in total revenues, according to its monthly operating report filed with the Securities and Exchange Commission.

The figures showed a decline from the $3.36 million net profit posted in October on $12.02 million in total revenues.

Cash and cash equivalents at Nov. 30 were $4.581 billion, down from $4.585 billion at the end of October.

In addition, WMI Investment Corp. posted a $25,026 net profit for November on $39,412 of total revenues, compared with $27,535 of net profit for October on $41,812 in total revenues.

WMI had $275.23 million of cash and cash equivalents at Nov. 30, up from $275.05 million at Oct. 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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