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Chinamerica Andy Movie Q1 loss widens YOY

Chinamerica Andy Movie Entertainment Media Co. said its normalized net income for the first quarter came to a loss of $50,420, compared with a loss of $17,050 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 $80,680, or a loss of 0 cents per share, compared to a loss of $17,110, or a loss of 0 cents per share, in the prior-year period.