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Wei Pai Electronic Commerce swings to loss in fiscal Q2

Wei Pai Electronic Commerce Co. Ltd. said its normalized net income for the fiscal second quarter ended Nov. 30, 2015, was a loss of $3,440, compared with income of $330 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 $5,510, or a loss of 0 cents per share, compared to income of $520, or 0 cents per share, in the prior-year period.