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Kange fiscal Q1 loss widens YOY

Kange Corp. said its normalized net income for the fiscal first quarter ended Feb. 29 amounted to a loss of $15,590, compared with a loss of $110 in the prior-year period.

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

Reported net income came to a loss of $24,950, or a loss of 0 cents per share, compared to a loss of $180, or a loss of 0 cents per share, in the prior-year period.