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Automodular swings to loss in Q2

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Automodular swings to loss in Q2

Automodular Corp. said its second-quarter normalized net income amounted to a loss of C$245,630, compared with income of C$105,630 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 C$300,000, or a loss of 2 cents per share, compared to a loss of C$76,000, or a loss of 0 cents per share, in the prior-year period.