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Ceetop Q1 loss narrows YOY

Ceetop Inc. said its first-quarter normalized net income came to a loss of $55,450, compared with a loss of $75,850 in the year-earlier period.

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

Reported net income totaled a loss of $88,710, or a loss of 0 cents per share, compared to a loss of $121,360, or a loss of 0 cents per share, in the prior-year period.