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Ciboney Group fiscal Q2 loss narrows YOY

Ciboney Group Ltd said its normalized net income for the fiscal second quarter ended Nov. 30, 2014, was a loss of J$788,130, compared with a loss of J$1.6 million 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 J$1.3 million, or a loss of 0 cents per share, compared to a loss of J$2.6 million, or a loss of 0 cents per share, in the prior-year period.

As of Jan. 13, US$1 was equivalent to J$114.64.