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Iplayco swings to loss in fiscal Q2

Iplayco Corp. Ltd. said its normalized net income for the fiscal second quarter ended March 31 was a loss of C$741,570, compared with income of C$110,830 in the prior-year period.

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

The normalized profit margin fell to negative 22.4% from 3.5% in the year-earlier period.

Total revenue grew year over year to C$3.3 million from C$3.2 million, and total operating expenses grew 24.3% on an annual basis to C$3.9 million from C$3.1 million.

Reported net income totaled a loss of C$834,810, or a loss of 4 cents per share, compared to income of C$219,350, or 1 cents per share, in the year-earlier period.