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Torino Power Solutions Q1 loss widens YOY

Torino Power Solutions Inc. said its first-quarter normalized net income amounted to a loss of C$179,480, compared with a loss of C$25,910 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 C$287,170, or a loss of 1 cents per share, compared to a loss of C$41,450, or a loss of 0 cents per share, in the year-earlier period.