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Ciboney Group fiscal Q1 loss narrows YOY

Ciboney Group Ltd said its normalized net income for the fiscal first quarter ended Aug. 31 was a loss of J$653,750, compared with a loss of J$2.7 million in the prior-year period.

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

Reported net income came to a loss of J$1.0 million, or a loss of 0 cents per share, compared to a loss of J$4.3 million, or a loss of 1 cents per share, in the year-earlier period.

As of Oct. 13, US$1 was equivalent to J$112.54.