Phoenix, AZ, Feb. 03, 2022 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American:IHT) hotel operations continue to perform substantially better Fiscal Year to Date for the first eleven months of Fiscal Year 2022, and is closing the year strong. Consolidated Net Income for the first three Fiscal Quarters was approximately $390,000, which is an increase in excess of $2.7 million compared to the first three quarters of Fiscal Year 2021. Earnings Per Share for the first three Fiscal Quarters based on this Consolidated Net Income amount were $0.04, up from prior year loss of ($0.26). Additionally, The First Three Quarters of Fiscal 2022 (February 1, 2021-October 31, 2021), profits far exceed their pre-Covid counterparts of Fiscal Year 2020 and Fiscal Year 2019 by over $1.3 million each year.
IHT HOTEL PROFIT GROWS; CLEAN ENERGY PROTOTYPE APPROACHES; NYSE PLAN APPROVED
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