Imperial Equities Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 15, 2024 at 02:06 pm EDT
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Imperial Equities Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was CAD 4.85 million compared to CAD 4.65 million a year ago. Net loss was CAD 2.16 million compared to net income of CAD 1.32 million a year ago. Basic loss per share from continuing operations was CAD 0.23 compared to basic earnings per share from continuing operations of CAD 0.14 a year ago. Diluted loss per share from continuing operations was CAD 0.23 compared to diluted earnings per share from continuing operations of CAD 0.14 a year ago.
For the six months, sales was CAD 9.8 million compared to CAD 9.32 million a year ago. Net loss was CAD 3.7 million compared to net income of CAD 4.4 million a year ago. Basic loss per share from continuing operations was CAD 0.39 compared to basic earnings per share from continuing operations of CAD 0.47 a year ago.
Imperial Equities Inc. is a Canada-based company that is focused on the acquisition, development and/or redevelopment of real estate assets. The Companyâs operations consist of the acquisition, development and redevelopment of industrial, agricultural, and commercial properties primarily in Edmonton and throughout Alberta and in British Columbia. Its property portfolio includes ALS Building, Clear Water Bottling Building, Central Distribution Building, Coppertone I Building, Coppertone II Building, Core Distribution Building, Day and Ross Crossdock Facility, Dynomax Building, EPCOR Building, Essential Energy Building, Master Group Building, Rocky Mountain Equipment Building and more. Its subsidiaries include Imperial Equities Properties Ltd. (IEPL), Imperial One Limited, Imperial Two Limited, Imperial Three Limited, Imperial Four Limited, Imperial Five Limited, Imperial Six Limited, Imperial Seven Limited, and Imperial Eight Limited.