WhereDaily News: InnSuites Hospitality Trust (IHT) Reports Sharp Increased Earnings, Profit and Digital Operations

PHOENIX, AZ--(Marketwired - Apr 29, 2016) - InnSuites Hospitality Trust ("IHT") (NYSE MKT: IHT) reported Consolidated Net Income of $339,000 for the fiscal year ended January 31, 2016 compared to a Consolidated Net Loss of $2,241,000 in the prior fiscal year, an improvement of over $2,580,000. Included is non-cash depreciation expense of approximately $1.18 million and approximately $1.78 million for the fiscal years ended January 31, 2016 and 2015, respectively. When the earnings from ongoing operations are added to the earnings from discontinued operations, the Trust saw a solid profit and increased profits from prior fiscal year.

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