Net losses for 2009 were $3.4 million, or 23 cents per share, as compared to
net losses in 2008 of $3.1 million, or 21 cents a share.
The 2008 net loss included
net losses on foreign exchange of CAD655m, while the 2007 net income included net gains on foreign exchange of CAD317m.
30, posting interim group
net losses and pretax losses for the second year in a row on slack sales amid the prolonged economic donwturn.
1211(b),
net losses from sales or exchanges of capital assets by noncorporate taxpayers are allowed against ordinary income only up to the lower of $3,000 (generally) or the net loss.
Concentric Network Corp, the Cupertino, California internet and networking service provider, reported
net losses for the third quarter to September 30 increased 84.5% to $26.2m on revenues 82.5% higher at $21.5m; nine months
net losses rose 62.5% to $67.9m on revenues 81.5% higher at $57.7m.
