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Phoenix, Arizona, June 28, 2021 (Global News Agency)-InnSuites Hospitality Trust (New York Stock Exchange) American: IHT) The reported profit for the first fiscal quarter was US$157,161, an increase of more than US$500,000 from the same period last year (US$352,857). Revenue for the first quarter of fiscal year 2022 ending April 30, 2021 is approximately $1.4 million, which is the same as revenue of approximately $1.4 million in the same period last year. Basic earnings per share for the first fiscal quarter ended April 30, 2021, increased by approximately 3 cents to ($0.01) compared to the same fiscal quarter ended April 30, 2020 ($0.04). This increase is mainly attributable to the current fiscal year 2022 (February 1, 2021 to January 31, 2022). As the impact of Covid-19 weakens, the trust’s operations have begun to be stable. These reliable results accelerated in the second quarter of this year. These are all positive signs that as the tourism industry, the overall economy, and especially the InnSuites Hospitality Trust (IHT) continue to rebound and recover, things are moving in the right direction. The trust’s economic conditions continued to improve for the second consecutive quarter. Both the first quarter of fiscal year 2022 and the fourth quarter of fiscal year 2021 show signs of strength, growth, and improvement, especially in relation to the second and third quarters of fiscal year 2021 (May 1, 2021 to October 31, 2021). Day) compared to.
In the current fiscal year 2022 ending on January 31, 2022, many areas of our hotel operations continue to perform well and maintain a solid start. Consolidated net income increased by more than $500,000…
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