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Automodular Q2 profit falls YOY

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Automodular Q2 profit falls YOY

Automodular Corp. said its normalized net income for the second quarter was C$88,130, a decline of 95.7% from C$2.0 million in the prior-year period.

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

Reported net income totaled a loss of C$76,000, or a loss of 0 cents per share, compared to income of C$1.6 million, or 8 cents per share, in the year-earlier period.