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Inter-Rock Minerals Q1 loss widens 89.5% YOY

4351313 said its normalized net income for the first quarter amounted to a loss of $45,000, compared with a loss of $23,750 in the prior-year period.

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

The normalized profit margin dropped to negative 1.7% from negative 0.8% in the year-earlier period.

Total revenue fell 5.6% year over year to $2.7 million from $2.9 million, and total operating expenses declined on an annual basis to $2.7 million from $2.8 million.

eported net income totaled a loss of $72,000, or a loss of 0 cents per share, compared to a loss of $38,000, or a loss of 0 cents per share, in the prior-year period.Inter-Rock Minerals Inc.

4351313 said its normalized net income for the first quarter amounted to a loss of $45,000, compared with a loss of $23,750 in the prior-year period.