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Wei Pai Electronic Commerce fiscal Q3 loss widens YOY

Wei Pai Electronic Commerce Co. Ltd. said its normalized net income for the fiscal third quarter ended Feb. 29 amounted to a loss of $2,540, compared with a loss of $650 in the prior-year period.

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

Reported net income came to a loss of $4,060, or a loss of 0 cents per share, compared to a loss of $1,040, or a loss of 0 cents per share, in the year-earlier period.