IHT FISCAL FIRST THREE QUARTERS PROFIT UP 87%; UNIGEN DESIGN COMPLETE
Total Consolidated Net Income for the First Three Fiscal Quarters increased 87% to approximately $730,000, from the prior year’s First Three Fiscal Quarters of $391,153.
- Total Consolidated Net Income for the First Three Fiscal Quarters increased 87% to approximately $730,000, from the prior year’s First Three Fiscal Quarters of $391,153.
- Earnings Per Share based on this First Fiscal Three Quarters Consolidated Net Income was $0.04 per share, up $0.09 from the prior First Fiscal Three Quarters of last year of ($0.05), an all-time First Fiscal Three Quarter recovery.
- Net Income before non-cash depreciation expense was $1,259,734 for the Fiscal First Three Quarters ended October 31, 2022, up approximately 30%, or $291,037, compared to prior Year Fiscal First Three Quarters ended October 31, 2022.
- UniGen has confirmed that the major design work for the UPI 1000 NG engine is now complete.