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Seaway Energy Services fiscal Q2 loss widens YOY

Seaway Energy Services Inc. said its normalized net income for the fiscal second quarter ended March 31 amounted to a loss of C$24,100, compared with a loss of C$9,600 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 C$38,570, or a loss of 3 cents per share, compared to a loss of C$15,350, or a loss of 1 cents per share, in the year-earlier period.