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Darien Business Development Q1 loss narrows YOY

Darien Business Development Corp. said its normalized net income for the first quarter came to a loss of C$12,760, compared with a loss of C$18,520 in the year-earlier 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$20,420, or a loss of 0 cents per share, compared to a loss of C$29,630, or a loss of 0 cents per share, in the prior-year period.