International Land Alliance Reports Strong Q2 Results
International Land Alliance Reports Impressive Second Quarter Results
International Land Alliance, Inc. (OTCQB: ILAL), an international land investment and development firm, has announced its unaudited results for the second quarter. The company has demonstrated significant progress reflecting its strategic growth efforts.
Q2 2024 Financial Highlights
The quarterly financial report indicates a strong sales performance and improved financial health for the second quarter ended June 30, 2024. The following highlights are noteworthy:
Increased Sales Volume
International Land Alliance achieved a quarterly sales volume of $740,000, which marks a considerable increase compared to $485,000 for the same period the previous year, representing growth and enhanced market demand for its offerings.
Reduction in Net Loss
The company recorded a net loss of $20,000 in the recent quarter, showing a marked improvement when compared to the net loss of $440,000 experienced in the comparable quarter last year. This positive trend demonstrates the effectiveness of the company's operational strategies.
Growth in Overall Sales
For the six months concluded in the second quarter, International Land Alliance reported total sales of $5,830,000, along with a net income of $3,630,000. This performance highlights the company's ability to generate substantial revenue even amid challenging market conditions.
Asset and Equity Expansion
Total assets have notably increased to $30.6 million, while total stockholders’ equity has risen to $14.9 million. These figures reflect the firm's solid growth trajectory and its commitment to maintaining a strong balance sheet.
Strategic Focus and Leadership Insights
Frank Ingrande, the President and CEO of International Land Alliance, expressed optimism regarding the company's future. Ingrande emphasized that the firm is positioned well because of its strategic focus on sustainable growth and resource allocation towards high-quality opportunities. He remarked on how the company's 2024 results illustrate its ongoing commitment to achieving stability and long-term earnings.
About International Land Alliance, Inc.
International Land Alliance, Inc. (OTCQB: ILAL) is engaged in land investment and development with a primary focus on acquiring attractive raw land in Northern Baja California. The company emphasizes sustainable solutions utilizing technology and advanced applications in proptech and construction tech to drive its mission. By concentrating on acquiring prime sites, the firm aims to diversify investment options and create appealing living spaces. The company's strategy is rooted in extensive research and diligent resource allocation to identify and secure high-potential properties.
Contact Information
CONTACT:
Jason Sunstein
Email: Jason@ila.company
Frequently Asked Questions
What are the key financial highlights from Q2 2024 for ILAL?
The key highlights include a sales volume of $740,000, a reduced net loss of $20,000, and total assets increasing to $30.6 million.
How does International Land Alliance ensure sustainable development?
The company incorporates technology and advanced applications in proptech and construction tech to promote sustainable and socially responsible land development solutions.
What is the current focus of International Land Alliance?
International Land Alliance is focused on acquiring prime raw land, especially in Northern Baja California, to build a diversified portfolio of properties.
Who is leading the company, and what is their vision?
Frank Ingrande is the President and CEO, and he envisions leveraging high-quality opportunities to achieve stability and long-term earnings for the company.
How can stakeholders learn more about ILAL?
Stakeholders can learn more about International Land Alliance by visiting their official website at www.ila.company.
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