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TRHF Co. Q4 loss widens YOY

TRHF Company Ltd, Inc. said its normalized net income for the fourth quarter was a loss of $192,970, compared with a loss of $51,230 in the prior-year period.

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

The normalized profit margin declined to negative 234.9% from negative 58.3% in the year-earlier period.

Total revenue decreased 6.5% year over year to $82,140 from $87,880, and total operating expenses grew 76.6% year over year to $299,930 from $169,840.

Reported net income totaled a loss of $308,750, or a loss of 0 cents per share, compared to a loss of $81,970, or a loss of 0 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled $178,080, compared with a loss of $-91,800 in the prior year.

Full-year total revenue grew 6.8% year over year to $96,010 from $89,880, and total operating expenses grew 69.6% year over year to $401,620 from $236,770.

The company said reported net income came to a loss of $284,930, or a loss of 0 cents per share, in the full year, compared with a loss of $146,880, or a loss of 0 cents per share, the prior year.