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International Equities Corporation Limited (ASX:IEQ)

ALERT: Price-sensitive ASX Announcement for IEQ
Current share price for IEQ : $0.040 0 (0%)+
Announcement
Release
17 Jul 2026 11:02AM
Price at Release
$0.040
Full Release
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Summary
International Equities Corporation Limited (IEQ) reported its quarterly activities and cash flow for the period ending 30 June 2026. The company experienced a challenging quarter due to the slowing economy in Victoria, with higher operating costs and weak revenue from the tourism sector. The company ended its hotel and tourism operations, including the management of Seasons Botanic Gardens, to focus on property leasing and development. Despite the challenges, IEQ saw a 103.68% improvement in after-tax profit compared to the previous year, achieving a net profit of $46,000. Revenue from leasing, property management, and accommodation totaled $364,000, resulting in an after-tax profit of $219,000. The company plans to resume property development activities when market conditions improve. Cash and cash equivalents at the end of the quarter stood at $521,000, with total available funding of $4.079 million, providing an estimated 4.63 quarters of funding.
Key Points
  • Quarter ended 30 June 2026 for IEQ.
  • Challenging economic conditions in Victoria impacted operations.
  • End of hotel management operations at Seasons Botanic Gardens.
  • 103.68% improvement in after-tax profit from last year.
  • Revenue from leasing and property services totaled $364,000.
  • Net profit after tax was $46,000.
  • Ending cash and cash equivalents were $521,000.
  • Estimated 4.63 quarters of funding available.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.