Income Opportunity Realty Investors, Inc. (IOT) has reported a 10.59 percent rise in profit for the quarter ended Sep. 30, 2016. The company has earned $0.75 million, or $0.18 a share in the quarter, compared with $0.68 million, or $0.16 a share for the same period last year.
The company has not recorded any revenues for the current as well as previous quarter.
Operating loss for the quarter was $0.34 million, compared with an operating loss of $0.34 million in the previous year period.
Net receivables were at $61.72 million as on Sep. 30, 2016, down 12.40 percent or $8.74 million from year-ago.
Total assets declined 8.01 percent or $7.55 million to $86.69 million on Sep. 30, 2016. On the other hand, total liabilities were at $0.01 million as on Sep. 30, 2016, down 99.94 percent or $9.60 million from year-ago.
Return on assets for the quarter stood at negative 0.40 percent as compared to a negative 0.37 percent for the previous year period. At the same time, return on equity moved up 6 basis points to 0.87 percent in the quarter.
Shareholders equity stood at $86.69 million as on Sep. 30, 2016, up 2.42 percent or $2.05 million from year-ago.
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