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Ariel Clean Energy Q1 loss widens 55.0% YOY

Ariel Clean Energy Inc. said its normalized net income for the first quarter was a loss of $10,000, compared with a loss of $6,450 in the year-earlier period.

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

Reported net income totaled a loss of $15,990, or a loss of 0 cents per share, compared to a loss of $10,740, or a loss of 0 cents per share, in the prior-year period.