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CN Dragon Corp. fiscal Q1 loss narrows YOY

CN Dragon Corp. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of $31,880, compared with a loss of $39,460 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue fell 84.9% on an annual basis to $4,530 from $29,930, and total operating expenses decreased 40.3% on an annual basis to $55,530 from $93,060.

Reported net income came to a loss of $48,610, or a loss of 0 cents per share, compared to a loss of $63,130, or a loss of 0 cents per share, in the year-earlier period.