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Spackman Equities Q1 loss narrows YOY

Spackman Equities Group Inc. said its first-quarter normalized net income was a loss of C$130,100, compared with a loss of C$8.0 million 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 C$205,260, or a loss of 0 cents per share, compared to a loss of C$11.5 million, or a loss of 8 cents per share, in the year-earlier period.