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Alta Natural Herbs swings to loss in fiscal Q2


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Alta Natural Herbs swings to loss in fiscal Q2

Alta Natural Herbs & Supplements Ltd. said its normalized net income for the fiscal second quarter ended April 30 amounted to a loss of C$91,330, compared with income of C$110,940 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to negative 76.6% from 239.2% in the year-earlier period.

Total revenue totaled C$119,160, and total operating expenses came to C$251,720.

Reported net income came to a loss of C$146,130, or a loss of 0 cents per share, compared to income of C$177,500, or 1 cents per share, in the year-earlier period.