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According to Market Intelligence, February 2023

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Alliance Select Foods Q2 loss widens 39.2% YOY

Alliance Select Foods International, Inc. said its second-quarter normalized net income came to a loss of $1.4 million, compared with a loss of $1.0 million in the year-earlier period.

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

The normalized profit margin fell to negative 8.5% from negative 5.7% in the year-earlier period.

Total revenue fell 7.3% year over year to $16.8 million from $18.2 million, and total operating expenses declined year over year to $18.9 million from $19.6 million.

Reported net income came to a loss of $1.8 million, or a loss of 0 cents per share, compared to a loss of $1.8 million, or a loss of 0 cents per share, in the year-earlier period.