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ZoomAway Travel Q4 loss narrows YOY

ZoomAway Travel Inc. said its fourth-quarter normalized net income was a loss of C$23,990, compared with a loss of C$33,300 in the year-earlier period.

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

Reported net income came to a loss of C$38,380, or a loss of 0 cents per share, compared to a loss of C$53,270, or a loss of 1 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 1 cents per share, compared with a loss of 1 cents per share in the prior year.

Normalized net income was a loss of C$227,280, compared with a loss of C$104,150 in the prior year.

The company said reported net income totaled a loss of C$363,650, or a loss of 3 cents per share, in the full year, compared with a loss of C$166,640, or a loss of 2 cents per share, the prior year.