Iht hotel profit rebounds; clean energy prototype anticipated soon

Phoenix, az, dec. 28, 2021 (globe newswire) -- innsuites hospitality trust (nyse american : iht) hotel operations continue to perform substantially better year to date for the three quarters of fiscal year 2022, with consolidated net income of 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 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.
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