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SponsorsOne Q1 loss narrows YOY

SponsorsOne Inc. said its normalized net income for the first quarter was a loss of C$162,420, compared with a loss of C$559,970 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 C$218,670, or a loss of 1 cents per share, compared to a loss of C$895,960, or a loss of 5 cents per share, in the prior-year period.