NEW YORK — Bankrupt Kasper ASL Ltd. on Tuesday said that the company posted a first-quarter profit compared with a year-ago loss in the same period.

Income was $8 million, or $1.18 a diluted share, for the three months ended March 29, versus a loss of $24.7 million, or $3.64, last year. The 2002 quarter was restated for a $30.4 million charge for a cumulative effect of a change in accounting principle. Before the charge, net income was $5.7 million, or 83 cents a share. Reorganization costs narrowed in the latest quarter to $1.1 million from $1.6 million last year.

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