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Solarvest BioEnergy fiscal Q3 loss widens 86.2% YOY

Solarvest BioEnergy Inc. said its normalized net income for the fiscal third quarter ended April 30 came to a loss of C$254,420, compared with a loss of C$136,640 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$407,070, or a loss of 2 cents per share, compared to a loss of C$218,630, or a loss of 1 cents per share, in the year-earlier period.