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Doral Financial sees net loss increase to $14.94 million during June
By Kali Hays
New York, July 15 – Doral Financial Corp. posted a net loss of $14.94 million for June on $24,933 in revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of New York.
For May, the company reported a $2.02 million net loss on revenue of $16,023.
The company also held $43.42 million in cash and equivalents as of June 30, almost doubling from $26.01 million as of May 31.
Doral is a holding company based in San Juan, Puerto Rico. The company filed for bankruptcy on March 11 under Chapter 11 case number 15-10573.
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