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UBI Blockchain Internet fiscal Q1 loss narrows YOY

UBI Blockchain Internet Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, came to a loss of 4 cents per share, compared with a loss of 7 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $8,290, compared with a loss of $15,910 in the prior-year period.

Reported net income came to a loss of $13,260, or a loss of 6 cents per share, compared to income of $434,020, or $2.00 per share, in the year-earlier period.