Pedro Resources Ltd. said its normalized net income for the first quarter amounted to a loss of 2 Canadian cents per share, compared with a loss of 2 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of C$18,250, compared with a loss of C$18,280 in the prior-year period.

Reported net income totaled a loss of C$29,200, or a loss of 3 cents per share, compared to a loss of C$29,240, or a loss of 3 cents per share, in the prior-year period.