IEQ FY2025 Half-Year Results: 40.1% Reduction in Losses, Focus on Debt Reduction.
International Equities Corporation Limited (ASX: IEQ) reported a reduced net loss of AU$251,000, a 40.1% improvement compared to the AU$419,000 loss in the same period of the previous year. Revenue from continuing operations grew by 6.83% to AU$673,000, primarily driven by hotel and leasing activities. However, the revenue from discontinued tourism operations dropped significantly by 27.52% to AU$453,000. Property development and tourism remain the company's main business sectors, though challenges arose from unsuccessful lease renewal negotiations at Seasons Heritage Melbourne Serviced Apartments, leading to the cessation of operations in this segment. Despite these challenges, the company is focused on reducing its debt through asset sales and refinancing efforts, with a cash balance of AU$824,000 at the end of the period. The company's management remains confident in its ability to continue as a going concern based on current financial strategies and market conditions.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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IEQ FY2025 Half-Year Results: 40.1% Reduction in Losses, Focus on Debt Reduction.
International Equities Corporation Limited (ASX: IEQ) reported a reduced net loss of AU$251,000, a 40.1% improvement compared to the AU$419,000 loss in the same period of the previous year. Revenue from continuing operations grew by 6.83% to AU$673,000, primarily driven by hotel and leasing activities. However, the revenue from discontinued tourism operations dropped significantly by 27.52% to AU$453,000. Property development and tourism remain the company's main business sectors, though challenges arose from unsuccessful lease renewal negotiations at Seasons Heritage Melbourne Serviced Apartments, leading to the cessation of operations in this segment. Despite these challenges, the company is focused on reducing its debt through asset sales and refinancing efforts, with a cash balance of AU$824,000 at the end of the period. The company's management remains confident in its ability to continue as a going concern based on current financial strategies and market conditions.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au