Mobile Max Technologies Ltd. said its normalized net income for the first quarter came to a loss of 3 agorot per share, compared with a loss of 4 agorot per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 198,130 shekels, compared with a loss of 141,250 shekels in the year-earlier period.

Reported net income came to a loss of 317,000 shekels, or a loss of 4 agorot per share, compared to a loss of 226,000 shekels, or a loss of 6 agorot per share, in the prior-year period.

As of May 31, US$1 was equivalent to 3.85 shekels.