Imperial Equities Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
August 16, 2023 at 03:44 pm EDT
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Imperial Equities Inc. reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was CAD 5.2 million compared to CAD 4.76 million a year ago. Net income was CAD 1.29 million compared to CAD 2.3 million a year ago. Basic earnings per share from continuing operations was CAD 0.14 compared to CAD 0.24 a year ago. Diluted earnings per share from continuing operations was CAD 0.14 compared to CAD 0.24 a year ago.
For the nine months, sales was CAD 14.51 million compared to CAD 14.3 million a year ago. Net income was CAD 5.69 million compared to CAD 6.21 million a year ago. Basic earnings per share from continuing operations was CAD 0.6 compared to CAD 0.66 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.