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Seaway Energy Services fiscal Q1 loss widens YOY

Seaway Energy Services Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, came to a loss of C$36,550, compared with a loss of C$6,820 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 C$58,490, or a loss of 4 cents per share, compared to a loss of C$10,920, or a loss of 1 cents per share, in the year-earlier period.