Iht fiscal year revenue, profit, and equity sharply rebound; clean energy innovation near

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.
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