Innsuites Hospitality Trust (IHT), Company and Other News, forth quarter 2017 earnings report

Rasults hit by impairment charges

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Innsuites Hospitality Trust see it's forth quarter 2017 results, effected by $1 million impairment of assets, company reports $-0.37 loss per share.

Innsuites Hospitality Trust reported disastrous forth quarter 2017, where Sales faded by -82.7 % to $1 millions and loss per share has widen to $-0.37, from the same quarter a year ago.

from preceding quarter from $-0.08 per share, Sales Tumbled by -45.21 % from $3 millions.

For the forth quarter 2017 Innsuites Hospitality Trust realized net loss of $-2 million, bigger than $-0 million a year ago.

Excluding the negative impact of $1 million, on impairment of assets, Innsuites Hospitality Trust would still finished the quarter in red.
Innsuites Hospitality Trust reported earnings of $7 millions and Sales of $11 millions for the fiscal year 2018.

Company reported earnings per share of $0.52 compare to $-0.27 in the previous fiscal year, while Sales fell by -18.52 % from $13 millions a year ago.

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Rasults hit by impairment charges

Innsuites Hospitality Trust see it's forth quarter 2017 results, effected by $1 million impairment of assets, company reports $-0.37 loss per share.

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