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Alpha Network Alliance Ventures profit holds mostly steady YOY in Q1

Alpha Network Alliance Ventures Inc. said its first-quarter normalized net income came to a loss of $61,170, compared with a loss of $61,270 in the prior-year period.

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

Total revenue rose 81.4% on an annual basis to $14,510 from $8,000, and total operating expenses increased 6.0% on an annual basis to $112,390 from $106,030.

Reported net income came to a loss of $97,880, or a loss of 0 cents per share, compared to a loss of $99,750, or a loss of 0 cents per share, in the prior-year period.