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PMI Group reports $69,301 net loss for January on zero revenues
By Jim Witters
Wilmington, Del., Feb. 21 - The PMI Group, Inc. reported a net loss of $69,301 for January on zero revenues, according to documents filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
Those figures compare to a $4.52 million net loss for Nov. 23 through Dec. 31, also on zero revenues.
The company also reported cash on hand of $164.83 million as of Jan. 31, compared to $165.41 million on Dec. 31.
PMI, a Walnut Creek, Calif.-based provider of residential mortgage insurance and credit enhancement products, filed for bankruptcy on Nov. 23. Its Chapter 11 case number is 11-13730.
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