HALIFAX, NS, Aug. 8, 2024 /CNW/ - Clarke Inc. ("Clarke" or the "Company") (TSX:CKI) today announced its results for the three and six months ended June 30, 2024. Second Quarter Results Results for the three and six months ended June 30, 2024, improved compared with the same periods in 2023. The Company's net income was $1.8 million and $4.2 million, for the three and six months ended June 30, 2024, respectively, compared to net losses of $0.5 million and $2.2 million, respectively, for the same periods in 2023.  Hotel operations produced strong second quarter results and achieved net operating income1 of $5.4 million for the quarter and $9.8 million year to date, compared to $5.6 million and $10.0 million respectively in 2023. Hotel revenue was $14.6 million and $28.9 million for the three and six months ended June 30, 2024, respectively, compared to $15.7 million and $30.7 million for the same periods in 2023. The Company had two fewer hotels in operations in 2024 compared to 2023, which is the primary reason for the decline in hotel net operating income and hotel revenue. During the second quarter of 2024, the Company's book value per common share increased by $0.07, or 0.4%. The increase is primarily attributed to (i) hotel net operating income of $5.4 million, or $0.39 per common share, offset by (ii) depreciation and amortization of $2.6 million, or $0.19 per common share, and (iii) interest and accretion of $1.4 million, or $0.10 per common share. The Company's book value per common share at the end of the quarter was $16.63 while our common share price was $19.35. Additional commentary on our second quarter results can be found in our Management's Discussion & Analysis for the three and six months ended June 30, 2024. Other Information Highlights of the interim condensed consolidated financial statements for the three and six months ended June 30, 2024 compared to the three and six months ended June 30, 2023 are as follows: (in millions, except per share amounts)  Three months                 ended    June 30, 2024                         $ Three months ended  June 30, 2023                      $        Six months ended  June 30, 2024                        $      Six months ended  June 30, 2023                      $  Hotel and rental revenue