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Advanced Credit Technologies Q1 loss widens 32.1% YOY

Advanced Credit Technologies Inc. said its first-quarter normalized net income amounted to a loss of $61,420, compared with a loss of $46,500 in the year-earlier period.

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

Reported net income came to a loss of $98,280, or a loss of 0 cents per share, compared to a loss of $74,400, or a loss of 0 cents per share, in the year-earlier period.