Guaranty Financial reports $92,314 November net profit on zero sales

By Caroline Salls

Pittsburgh, Dec. 16 - Guaranty Financial Group Inc. reported a $92,314 net profit for November on zero revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Northern District of Texas.

In comparison, the company posted a $265,340 net loss for October, also on zero revenues.

Guaranty had $11.14 million in cash at Nov. 30, the same as at the end of October.

Guaranty Financial, a Dallas-based unitary thrift holding company, filed for bankruptcy on Aug. 27. Its Chapter 11 case number is 09-35582.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.