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Automodular swings to loss in Q4

Automodular Corp. said its fourth-quarter normalized net income amounted to a loss of 1 Canadian cents per share, compared with 29 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of C$191,880, compared with income of C$5.6 million in the year-earlier period.

Reported net income came to a loss of C$354,000, or a loss of 3 cents per share, compared to income of C$6.3 million, or 33 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 7 cents per share, compared with 74 cents per share in the prior year.

Normalized net income was a loss of C$1.3 million, compared with income of C$14.2 million in the prior year.

The company said reported net income totaled a loss of C$2.4 million, or a loss of 14 cents per share, in the full year, compared with income of C$14.8 million, or 76 cents per share, the prior year.