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Median Group swings to loss in Q1

Median Group Inc. said its first-quarter normalized net income amounted to a loss of $82,230, compared with income of $446,600 in the year-earlier period.

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

Total revenue came to $20,900, and total operating expenses grew year over year to $154,670 from $7,160.

Reported net income totaled a loss of $147,250, or a loss of 0 cents per share, compared to income of $428,910, or 0 cents per share, in the prior-year period.