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Sino United Worldwide Consolidated Q2 loss widens 15.8% YOY

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Sino United Worldwide Consolidated Q2 loss widens 15.8% YOY

Sino United Worldwide Consolidated Ltd. said its normalized net income for the second quarter was a loss of $39,460, compared with a loss of $34,080 in the prior-year period.

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

The normalized profit margin climbed to negative 3.2% from negative 7.0% in the year-earlier period.

Total revenue grew on an annual basis to $1.2 million from $490,120, and total operating expenses increased from the prior-year period to $1.3 million from $536,790.

Reported net income totaled a loss of $63,130, or a loss of 0 cents per share, compared to a loss of $54,520, or a loss of 0 cents per share, in the prior-year period.