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Marchwell Ventures fiscal Q1 loss narrows YOY

Marchwell Ventures Ltd. said its normalized net income for the fiscal first quarter ended Feb. 29 amounted to a loss of C$10,030, compared with a loss of C$13,020 in the prior-year period.

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

Reported net income totaled a loss of C$16,050, or a loss of 0 cents per share, compared to a loss of C$20,830, or a loss of 0 cents per share, in the year-earlier period.