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CIBT Education fiscal Q2 loss widens YOY

4065749 said its normalized net income for the fiscal second quarter ended Feb. 28 came to a loss of C$2.4 million, compared with a loss of C$570,290 in the year-earlier period.

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

The normalized profit margin fell to negative 27.5% from negative 7.9% in the year-earlier period.

otal revenue climbed 14.4% on an annual basis to C$8.3 million from C$7.3 million, and total operating expenses decreased from the prior-year period t CIBT Education Group Inc.