CN Dragon Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to a loss of $3,970, compared with a loss of $18,320 in the prior-year period.

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

The normalized profit margin rose to negative 10.6% from negative 61.4% in the year-earlier period.

Total revenue rose 25.7% on an annual basis to $37,520 from $29,840, and total operating expenses declined 25.8% from the prior-year period to $43,880 from $59,140.

Reported net income came to a loss of $6,360, or a loss of 0 cents per share, compared to a loss of $29,310, or a loss of 0 cents per share, in the prior-year period.