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Yosen Group Q1 loss narrows YOY

DBUB Group Inc. said its normalized net income for the first quarter came to a loss of $70,700, compared with a loss of $90,220 in the prior-year period.

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

Total revenue fell 22.4% on an annual basis to $1.9 million from $2.4 million, and total operating expenses fell 21.1% from the prior-year period to $2.0 million from $2.6 million.

Reported net income totaled a loss of $135,080, or a loss of 1 cents per share, compared to a loss of $144,350, or a loss of 2 cents per share, in the prior-year period.