Tarragon posts $1.29 million net loss for April; revenues decline

By Caroline Salls

Pittsburgh, June 4 - Tarragon Corp. reported a $1.29 million net loss for April on $1,184 in total revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of New Jersey.

In comparison, the company posted a $2.41 million net loss for March on $1,973 in total revenues.

Tarragon had $1.42 million in cash and cash equivalents at April 30, down from $2.21 million at the end of March.

Tarragon, a New York homebuilder, filed for bankruptcy on Jan. 12, 2009. Its Chapter 11 case number is 09-10555.

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