Phoenix, AZ, May 27, 2022 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American:IHT) reported a strong annual rebound with revenues ballooning by a 53% increase to $6.410 million for the most recent Fiscal Year 2022 (February 1, 2021, to January 31, 2022), which is up from the $4.203 million reported in the prior Fiscal Year. Total Consolidated Fiscal Year Net Income increased to a profit of $1,539,735, an improvement of approximately $4.4 million from the prior Fiscal Year loss of $2,827,840. Earnings Per Share based on this Consolidated Net Income amount were $0.03, up $0.34 from prior year loss of ($0.31), and also far exceeding their pre-Covid counterpart of Fiscal Year 2020.
IHT FISCAL YEAR REVENUE, PROFIT, AND EQUITY SHARPLY REBOUND; CLEAN ENERGY INNOVATION NEAR
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