NU Online News Service, May 8, 2003, 12:11 p.m. EDT – The MONY Group Inc., New York, is reporting $7.6 million in net income for the first quarter on $543 million in revenue, compared with $14 million in net income on $537 million in revenue for the first quarter of 2002.
Net results for the latest quarter include $49 million in losses on investments sold, written down or written off, down from a $2 million net realized gain on investments for the comparable quarter in 2002.