By  on May 14, 2009

Tarrant Apparel Group trimmed its first-quarter loss despite the evaporation of more than one-quarter of its revenues.

The Los Angeles-based firm reported a net loss of $171,000 for the three months ended March 31, compared with the $253,000 loss in the first quarter of 2008. The loss per diluted share was unchanged at 1 cent.

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