Fremont posts $1.06 bln loss in 2006, Q1-Q2 2007
NEW YORK, Oct 17 (Reuters) - Fremont General Corp FMT.N, which quit offering subprime mortgages in March, on Wednesday reported a $1.06 billion loss for the 18 months ended June 30.
In delayed financial reports filed with the U.S. Securities and Exchange Commission, Fremont posted net losses of $265.2 million, or $3.45 per share, for the second quarter of 2007; $590.6 million, or $7.74 per share, for the first quarter of 2007; and $202.3 million, or $2.72 per share, for all of 2006. It posted a profit of $327.9 million, or $4.37 per share, in 2005.
Fremont is based in Santa Monica, California. (Reporting by Jonathan Stempel)
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