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Tarragon posts $21.15 million April net loss, $47.81 million revenue
By Caroline Salls
Pittsburgh, June 2 - Tarragon Corp. reported a $21.15 million net loss for April on $47.81 million in total revenues, according to its monthly operating report filed Tuesday with the Securities and Exchange Commission.
In comparison, the company posted a $14.82 million net loss in March on $39.87 million in total revenues.
Tarragon had $13.83 million in cash and cash equivalents at April 30, up from $12.14 million at the end of March.
Tarragon, a New York homebuilder, filed for bankruptcy on Jan. 12 in the U.S. Bankruptcy Court for the District of New Jersey. Its Chapter 11 case number is 09-10555.
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