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KinerjaPay Corp. said its normalized net income for the first quarter was a loss of $843,850, compared with a loss of $17,770 in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
Reported net income came to a loss of $1.4 million, or a loss of 21 cents per share, compared to a loss of $28,440, or a loss of 1 cents per share, in the year-earlier period.